diff --git "a/reddit_finance_43_250k_329.txt" "b/reddit_finance_43_250k_329.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_329.txt" @@ -0,0 +1,10000 @@ +- I sent 5k smart to HitBTC that went through so I can sell them for more than what I purchased them for. + +- I sent 10k to Cryptopia for the same reason I sent them to HitBTC (prices were all over the place), and to my web wallet +Which got confirmed on CoinEx but never confirmed to Cryptopia or my Web wallet + +- Turns out there was a hack were someone minted millions of coins and was selling which was causing the price to dip, and devs ordered a freeze of all pending transactions , and a freeze of trading on Cryptopia + +- I was locked out of my web wallet until the devs updated it with the patch + +- Wallets were put back online , but reset to the original amount that was there before I originally sent out my coins the first time + +- that left me with the original 17,328 smart coins, 5k smart on HitBTC , $3000 in BTC, and "pending transactions of a total of 15,000 smart" + +- when looking for answers, I was told by the team I would get double my coins on Cryptopia once they rebroadcasted all transactions because "thats just how exchanges worked", and I could keep them. + +- I sold the 5k smart on HitBTCfor about $15,000 in BTC (turns out I was false price inflation do to low volume and the only exchange that trades were availble on + +- weeks later Cryptopia put smart back online and rebroadcasted my original,deposit of 17,328 from my web wallet , and approved the 10k smart Deposited from Coin Ex. + +- sometime a week later the 5k to my web wallet also got approved. + +- I was now left with $18,000 in BTC, and about 50,000 SmartCash that was all sold off at various different days as it was all playing out + + +That's how I ended up with over $55,000 in crypto for free, +Seen a bunch of "investors" proclaiming on TikTok how they made truckloads of cash by renting out a place and then including in the contract that they could sublease the property. Then they furnish it, make pro photos and list it on Airbnb for short term rentals which net double or more monthly from what they themselves are paying for it. They all claim that they do a market research of the area of the property and how much a similar property generates etc. Does this sound doable at all, or is it too good to be true? +I have $400 to my name. My car needs work done. I decided to surrender the car back to the bank. I have no idea when they're going to pick it up. I have bad credit, Inflation is killing me and I won't be able to get another car under a decent APR unless I put a huge lump some of money down. I'm so tired of doing everything on my own. My parents have no money to help. I have no money to go to school to start another career. +Heyooo! + +I’ve been tracking various open source information about GameStop and one of them is certificate transparency logs. + +Right around the same time they released earnings on Dec 8th, 2 new domains showed up that are linked under the same certificate as nft.gamestop.com, or nft.gstop-sandbox.com ([known GameStop owned domains](https://www.reddit.com/r/Superstonk/comments/qyww8m/an_update_on_gamestops_nft_related_domains_new/) u/Top_Space1099). The 2 domains are: + +gstop-content.com + +gstop-content-sandbox.com + +&#x200B; + +WTF is a certificate? + +A certificate is a unique digitally signed document that proves an individual or company is who they say they are. It also provides a key pair for encryption (HTTPS). If I go to my favorite website and click the little lock, you can view the certificate which validates I’m actually on GameStop’s website and provides keys for encryption. + +&#x200B; + +https://preview.redd.it/ifv10fyzzl481.png?width=379&format=png&auto=webp&s=e301636cbff153dcabf9fc75e3363160ac2558fc + +Certificates get published to the public and there are sites which save them and allow you to easily search through them. [Certificate Transparency](https://crt.sh/) and [Google’s Transparency Report](https://transparencyreport.google.com/https/certificates) are among the most popular. + +Yesterday, I checked out GameStop’s certificates to see if any were updated and noticed the nft.gamestop.com certificate was updated: + +&#x200B; + +https://preview.redd.it/j2epkx560m481.png?width=810&format=png&auto=webp&s=c5754baa57f2a985a3328db841b778bdb353f1e8 + +You can view the details of the certificate on [Google](https://transparencyreport.google.com/https/certificates/B%2Fl0drwQQQD1pA8AsgmmBBMpNHsVTPx5gpEI2afjvSY%3D) or [crt.sh](https://crt.sh/?id=5762838308): + +`Subject:` + +`commonName = nft.gamestop.com` + +`X509v3 Subject Alternative Name (OR “Matching DNS names” on Google):` + +`DNS:nft.gamestop.com` + +`DNS:gstop-content.com` + +`DNS:*.nft.gamestop.com` + +Subject is what the certificate is validating/encrypting, it is the “what” of the certificate. + +Subject Alternative Name (or Matching DNS Names on Google) is what other domains are part of the same certificate. + +The new domain gstop-content.com was added under the same certificate as nft.gamestop.com. Further analysis into the domain pretty much just shows it was created yesterday, it's empty, and they only registered it and added it into the certificate (certificate not yet pushed to the site). Though it’s worth noting that gstop-content.com was also listed under the \*.blockchain.gstop-prod.com [certificate](https://crt.sh/?id=5762838320)/[Google](https://transparencyreport.google.com/https/certificates/w0Mn%2BHoxy0leMmMBQwJthFzipPI7ERfgMvH4BV113Ck%3D). + +GameStop also has a sandbox domain for testing purposes, gstop-sandbox.com. They also had an update to it’s NFT certificate: [crt.sh](https://crt.sh/?id=5762809220) [Google](https://transparencyreport.google.com/https/certificates/3rGKsPZziE8tF7n%2FKm9%2FdR2Yxo4sN%2FXN8JTGtV9zXZk%3D) + +`Subject:` + +`commonName = nft.gstop-sandbox.com` + +`X509v3 Subject Alternative Name:` + +`DNS:nft.gstop-sandbox.com` + +`DNS:gstop-content-sandbox.com` + +`DNS:*.nft.gstop-sandbox.com` + +gstop-content-sandbox.com actually does resolve to an AWS (Amazon Cloud) IP so it might already be in use. + +[whois data](https://whois.domaintools.com/gstop-content.com) shows they were created Dec. 8th, 2021. + +As these are included on the NFT certificates they are probably linked, and shows progress being made. The new certificate has already been applied to [nft.gstop-sandbox.com](https://nft.gstop-sandbox.com) but not yet to the nft.gamestop.com page. + +Closer and closer everyday! +For the past 5 years I've been paying approx £100 into a pension, recently due to entering the higher tax bracket I've considerably cranked up my contribution in an attempt to offset as much as the higher tax as possible. + +I've been doing some reading on averages per age/financial situation but there's not much info out there - probably because it's a bad way to gauge what is the "the right amount". + +A question for you : How old are you and how much do you pay into your pension per month? +Two months ago, we did a survey on this sub, trying to collectively predict the price of Ether on April 11th. This is the original post with the results of the prediction: https://www.reddit.com/r/ethtrader/comments/7x3det/reddit_has_spoken_the_results_of_collective_price/ + +Yesterday, the day ended with the price being around 421 USD. It seems the collective prediction of the price failed. What do you think was the reason for that? A few commenters on the original thread were skeptical of the short timeline for the first prediction and only predicted the price for January 1st, 2019. Do you think this prediction could be more realistic, even though the first one failed? Or do you think we are just too biased to make a useful prediction? + +Anyway, at least today we started to move in the right direction! +I've been investing for close to 2 years now. I switched to pennystocks in December 2020. In 2 months I've made 200% gain which means I made about 18 months worth of paychecks. That's literally insane to me. However I don't have a consistent strategy. My strategy so far has been to literally lurk this subreddit, look at other people's dd and basically jump in if the stock hasn't already gone up 100% ( looking at you people posting about ZOM after nearly 600% gain). + +This resulted in around 80% of my trades being successful. In most of them i did sell to early, but i was looking for easy 10-20% gains and exited early on stuff like ABML and ALPP. + +Now the issue is my strategy completely relies on other people posting good dd and me doing the minum effort to not chase stocks that already ran up. I want to switch to MY actual strategy, not to rely on others. + +I've no idea how you people find stocks so early and filter through 100s of shitty companies to post dd about the good ones here. I'm curious and want to learn and would be grateful if somebody who has their own strategy would post their journey and what type of strategy they came up with. + \-WeWork CEO Neumann says the company hit $2.5 billion in annualized revenue and has plenty of cash. + +\-SoftBank recently reduced its recent WeWork funding to $2 billion from $16 billion. + +\-SoftBank has invested a total of $10 billion in WeWork. + +\-WeWork’s second quarter 2018 results indicated revenue of $421.6 million (double from a year ago) and net losses of $723 million. + +\-WeWork is still privately held at this time. + +&#x200B; + +Sources + +Reuters + +[https://www.reuters.com/article/us-wework-results/wework-revenue-and-losses-surge-in-first-release-of-results-idUSKBN1KU2KI](https://www.reuters.com/article/us-wework-results/wework-revenue-and-losses-surge-in-first-release-of-results-idUSKBN1KU2KI) + +CNBC + +[https://www.cnbc.com/2019/01/10/wework-ceo-says-company-hit-2point5-billion-in-annualized-revenue.html?te=1&nl=dealbook&emc=edit\_dk\_20190111](https://www.cnbc.com/2019/01/10/wework-ceo-says-company-hit-2point5-billion-in-annualized-revenue.html?te=1&nl=dealbook&emc=edit_dk_20190111) + +CNBC + +[https://www.cnbc.com/2019/01/08/wework-rebranding-as-the-we-company-softbank-invests-2-billion.html](https://www.cnbc.com/2019/01/08/wework-rebranding-as-the-we-company-softbank-invests-2-billion.html) +This is a follow up to + +https://www.reddit.com/r/Bitcoin/comments/oda6uf/accidentally_sent_btc_to_an_input_address_from_a + +This all began on July 3rd. + +After I noticed the wallet I sent it to was an output address used by Kraken I immediately emailed them asking for help and what my options were. + +Over the course of the next week I sent many emails back and forth explaining the situation and how I meant to send it to a Coinbase wallet but accidentally long-pressed on an output address used in the transaction from Kraken to my Electrum wallet. + +Finally they send me an email saying they've identified the owner of the account and would be emailing them to ask if they would allow their email to be shared with me so we could actually speak and resolve the situation. + +The guy ended up being from Brazil and when he received the money he moved it to an online Casino where he proceeded to lose $2000 before seeing the email from Kraken. + +After seeing the email from Kraken, he actually emailed me! It took a lot of convincing that this wasn't some sort of elaborate scam and I explained that the $2k "lost" wouldnt be a problem if he returned the rest of the money. + +He wanted me to sign some sort of contract stating what happened, we both signed it and this morning I woke up to .10 in my Electrum wallet. + +Holy. Fucking. Shit. + +I just want to send a huge shout-out to Kraken for helping me navigate this ridiculous situation I put myself in. + +I want to send an even bigger shout-out to the man that received the coin and was willing to send what was remaining back. + +I don't even care about the $2k and I'm honestly hoping he just made that story about the casino up so he could keep the $2k because he deserves it and I know $2k goes a long fuckin way in Brazil so I honestly feel like really good about it. How could I not? + +I've never heard a story like this in the btc world. Ive been trading since 2013 and never made the mistake of sending money to the wrong address and the stories I've heard of people who have, I've never heard of a story of that btc being recovered in such a fashion. + +I am beside myself with joy. It looks like I'll be able to buy the car I want after all. + +I've always said I'm simultaneously the luckiest/unluckiest person I know and this is solid fuckin evidence right here. + +THANK YOU KRAKEN! + +THANK YOU UNNAMED BRAZILIAN GUY! + +I quite literally thought I lost that money for good and this whole ordeal has been such a whirlwind. I'm so glad it's been resolved but it wouldn't have been if I didn't study the Blockchain and followed the money, and even then 99.9% you won't get your money back but I actually fuckin did. + +I'm agnostic and this nearly made me believe in God lol + +This community is amazing and it was thanks to your help in my initial post, here I am, issue resolved ,15 days later, but resolved. + +Happy hodling! +Everything going on with Peloton recently is suspicious. They released preliminary quarterly results on January 20th on their investor relation page which only gave us a peek into their coming up short on expectations. The stock tanked 25% subsequently. + +Then we conviently get rumors about a possible acquisition after their preliminary report and the stock reclaimed the initial 25% drop. + +What this tells me is that their earnings are going to be horrible and they wanted to mitigate the blow the full earnings report will have on their stock price by having the price hit come in two waves with a pump in-between based on nothing but a maybe. We're witnessing some serious grasping and manipulation from a dying company trying to stay afloat. + +I predict we're going to see Peloton tank hard tomorrow on earnings after market close from not only a huge miss on EPS/revenue and declining subscriptions, but also from no further concrete acquisition news considering no savy suitors would buy an unprofitable company at their current overbloated valuation. + +What are your thoughts? + +Link to their preliminary report: https://investor.onepeloton.com/news-releases/news-release-details/peloton-interactive-inc-reports-preliminary-second-quarter/ +What do you guys expect the price of Vertcoin after the upcoming fork? IMO the price will steadily increase to 4~5 USD until the 25th Oct fork and then bitcoin gold will be sold for vertcoin shooting its price further to 10~ 20 USD similar to how the price of litecoin increased after 1st April, 2017. Let me give reasons for my claim: + +1. Bitcoin gold will be ASIC resistant same as vertcoin. But, vertcoin is already developed and it will take months and years for bitcoin gold to be accepted/mined/developed. Vertcoin is already developed with privacy features (Tor wallet etc.) and its development is incomparable to bitcoin gold. + +2. Bitcoin gold will not be accepted by bitcoin core fans (same trolls will happen to it as Bcash and it will not be supported by people as Bcash is supported by Jihan Wu or Roger Ver or Korean exchanges. It will not happen for Bgold. However, this coin will create more awareness in people about the idea of ASIC resistance and investors might resort to vertcoin instead. + +3. Litecoin, bitcoin, vertcoin, decred, viacoin and few other coins already have tested atomic swaps. Atomic swaps between Bgold might be politically restricted making Bgold left behind causing it to collapse even further. + +4. If Bgold is somehow successful, Bgold and Vertcoin will both be asic resistant and compete with each other. The only benefit Bgold will have is its lower coin max supply and its fork from bitcoin (brand name). But, I think vertcoin will be like today's bitcoin and Bgold will be like today's litecoin. + +5. Vertcoin reward halving by December + +6. Korean Upbit (kakao talk) exchange listing of vertcoin by next week. + +7. Amazing development: https://medium.com/vertcoin-blog/vertcoin-development-update-october-18-2017-ef275319a20d + +This is my humble opinion. If anyone disagree or would like to add more; i would love to hear for a constructive discussion. Vertcoin to moon:) +Hopefully this is allowed, remove if not...I'm no longer affiliated in any way with anything I'm mentioning so this isn't some veiled marketing thing. I've been seeing a lot of stories around various parts of the internet of people who are stuck in a situation where their lease is coming up and they're facing a massive rent increase, and are scrambling trying to find another option with no luck...maybe you're in the situation I was in where you have bad credit, can't make the first/last/security deposit you usually need to move in, and are starting to feel like you might be facing homelessness. + +Unfortunately, this will only work for certain people, but this saved my ass years ago and hopefully it'll help someone. If you're childfree, don't have pets, and are in a position where you could relocate...try seasonal work. + +For four years I worked seasonal jobs that provided employee housing. If you go to Coolworks . com, you can filter jobs to only see ones that offer housing. I *never* had to pay a deposit, so while it's not perfect the only up-front cost I had to have was getting myself there. Rent usually comes directly out of your paycheck, so in my experience I didn't even have to have the money for rent when I moved in (but YMMV and it's a good question to ask before you take the job...sometimes I got hired without even doing an interview). + +The jobs will be crappy jobs (retail, serving, hotels, etc.) but they're usually in tourist areas. I have the most experience with Xanterra and I just checked and they're so desperate for workers that they aren't even *charging* for housing this season at most locations, and you get meals cooked for you in the employee dining rooms, too. When I did get charged it was, for me, $10/day for housing and all 3 meals. You almost never have to have a car to commute either because you either live right next to where you work or they provide a free shuttle. + +This isn't a perfect solution. But a lot of people don't really know it's an option. Figured if it might help just one person, worth posting. + +**EDIT:** A lot of the seasons have already started but really don't be afraid to contact them and ask if they're still hiring. Usually in the first couple weeks a bunch of people will quit and go home, leaving vacancies. +Hey guys, + +Very inexperienced in this situation so i would appreciate any and all help. + +Long story short, dropped my car off at parking garage, valet took the car, i get the car back with pretty decent size gouge in driver side door. I was lucky enough to spot it before i left and informed the manager, who confirmed with the help of some cameras that the gouge was in fact not there prior to my arrival. They accepted 100% of fault and their insurance called me today to tell me the good news that they would cover it, yay! + +The part i need help with, they are having me bring it to one of their locations to have it appraised. Then, they say i can bring it anywhere to have fixed. What i am worrying about is, what if they low ball me and it costs more to get it fixed? Can i go back to them afterwards and ask for more? Do i need to accept the first offer they make or can i counter? Anything I should know before i head in there? +In my area housing prices went up 18% in just 6 months, the picture isnt really different in other parts of the western world: + +It is impossible to purchase a place to live without taking a credit, which you might not even pay back until you die + +Investing into things your bank recommends as "good" choices sometimes does not even beat current inflation + +So what other option do young people have except investing into Cryptocurrency? + +With no option to even earn enough money with classical investments, old politicians are in no position to now criticize young people for going into Crypto and actually earning something for their investment, because they helped to create this situation in the first place + +[(source on housing prices)](https://www.wiwo.de/finanzen/immobilien/hauskauf-immobilienpreise-steigen-um-bis-zu-18-prozent-jenseits-der-metropolen/27800746.html) +I get everyone wants to see inflation drop faster after interest rate rises and it’s slower than market predictions but inflation is still dropping and surely the impact of interest rate increases take more than a month to take effect. + +Why is the market reaction so extreme in the decrease of equities prices? Is it because the market hates surprises and this was a negative surprise? Or because the recession chances are getting higher and this is a negative? + +From the article: The annual inflation rate in the US slowed for the third month running to 8.2% in September of 2022, the lowest in seven months, compared to 8.3% in August but above market forecasts of 8.1% + +https://tradingeconomics.com/united-states/inflation-cpi +And do nothing. + +Don’t buy. Don’t sell. + +Breathe in. Now breathe out. + +If you’re new to crypto understand that this sea of red is part of the cycle. Crypto coins are not equities, they are volatile and a 10% dip is not the end of the world. + +Your altcoins are probably down even more than BTC and ETH. This too is par for the course. + +If you’re not new to crypto then you know what to do today. + +Do nothing with your bags. + +So put your phone down, close your crypto apps, and treat yourself to some takeout or a beer or whatever makes you happy. + +This too, my friends, shall pass. + +Happy Tuesday! +I’d like to call myself a Bitcoin veteran who sold at wrong time but after getting back in the game with the recent rise of Eth, I can say I’m not. + + +Coming from an IT background, I learned a little about the blockchain quickly with the emergence of Bitcoin and was convinced and preached it as a technology and its use cases because I truly believed in it. I had an counter argument for every skeptic out there.[Edit: Removed] And suddenly I made a few grand and I started to change. My feeling about everything suddenly changed. $ is fucked up. I listened to too much FUD and long story short, I sold. After a few fetal positions in the bathroom during a high rise, I bought back in, lost a few grand and got out again for good. [Edit: Removed] on a cost average of about 20K USD. + + +[Edit: Removed] I started becoming a degenerate like some of you and started consuming news again and getting hyped. Dumped that 6K in ETH and a few wire transfers later to Gemini all of a sudden, I’m back in the game. + Checking Blockfolio ~~daily~~ hourly, watching my Crypto net worth fluctuating $1,000+ a day. + + +The reason why I say I’m not a Bitcoin veteran is because it feels so much different this time around. I feel there is so much FUD and speculation but looking back it was all there with bitcoin, too (and much, MUCH, worse). I was just too ignorant to it and simply had weak hands when I became aware of it when I had some skin in the game. Ignorance is bliss sometimes. I was consumed by the good news and the idea behind it. Like I said, $ fucks with people. Every time I see someone say something negative about a coin now, I look at their history and they are invested in something else. Then I go on a analytical marathon trying to get my own opinion. + + +Before I got “back in the game” I told myself to not sell and don’t get fucked up by the market and FUD. Just be a robot and keep buying and stop worrying about the dips and the woulda-shoulda’s of timing. Don’t fucking day trade. Use my experience with Bitcoin as a learning lesson and keep cool. That’s much easier said than done. The reason for this post is self serving in that it’s checking myself because I’m getting consumed by all this information and speculation and losing touch with my simple, yet solid point of view. + + This is not a short term investment. Be one of those fucking assholes you read about who just never sold years ago despite the unbelievable bad news, governmental scares, stealing of massive amounts of crypto, massive roller coasters and risk. Be prepared to lose everything even though subconsciously you think you won’t. This should be easy in comparison to current situations. + + +I was planning on putting out massive bullet points on why I think Ethereum will succeed, but it’s just a re-hash of what someone else said which you can and may have already read. Opinions and beliefs have been set, the community and progress will decide. The whole point of this post (other than be therapeutically self-serving), is to say just believe in what you believe, don’t be swayed by some stranger and stay strong. I’ve avoided the term this whole post which will be downvoted, but [Our Friend]( https://bitcointalk.org/index.php?topic=375643.0) said it much better than me in a much more succinctly way. + +Thanks for reading if you got this far + +Edit: Removed some potentially identifiable info + +Deflation is a good thing for consumers, and a bad thing for banks. Banks get to ride the wave of inflation from the deposits they receive and loans they give out, and are the first in line to pay people and buy buildings with inflated money. That is one reason they have the tallest buildings in a city. Banks and the FED (owned by banks, paid by banks) and economists (who get jobs at banks and the FED) try to spin deflation as bad. Deflation lets consumers buy resources and materials like oil and food for less money, and lets business owners hire workers for lower wages. Don't let them sell you on a 'deflation spiral death trap'. Remember, there is a lower limit to deflation for which people will snap up assets and resources, but there is no limit to inflation! Deflating TV and electronic prices doesn't stop people from buying them! They may wait a week or a month, but there is always a point they will buy. (It is true however that deflation does hurt a consumer mired in lots of debt.) +This should go without saying but it needs to be said. Billionaires are not our friends. *Somehow* these people manage to amass cult followings who hang on their every word almost like Gospel. Many of us have come to crypto for financial freedom and uses where conventional finance has failed us. Heck, even if you are just here for the profits these people are still very bad source of advice and trust in them is misplaced trust. + +I could start with SBF who seems to be intent on acquiring every single crypto company and absolutely crush the competition using what seems to be(or used to be) his unlimited bank account for unlimited buying power. He has also recently come out with some very anti-decentralization statements. Speaking of decentralization we move to CZ who has built up an image of being very pro-decentralization and yet skirts around and avoids the entire issue when it's asked about regarding BSC. On the [Binance blog](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-2022-4766586322749082372) he claims that "decentralization is a gradient scale" and refuses to describe Binance's chain as centralized when **only 19 validators are needed** to alter or outright freeze the chain completely as we saw recently. Further, any and all validators are **chosen by Binance** themselves. Binance has also been involved in many cases of either [attempting skirt around](https://www.reuters.com/investigates/special-report/fintech-crypto-binance-zhao/) or outright just [ignoring regulatory laws](https://twitter.com/wsj/status/1458804234279960577?lang=en) while at the same time CZ speaks warmly about the benefits and positivity of regulations. + +Elon Musk outright manipulates markets to his whim and fancy and seems to find it a fun game that he partakes in gleefully as investors may lose their life savings, futures and family funds. He talks a big game about free speech but has started permanently suspending accounts that "impersonate others", which are generally actually obvious account parodies especially those done to him. He also plays a certain segment of crypto "investors" like fiddles who pump the market and get dumped on when he "doesn't follow through" on a tweet and heavily suggest ideas he has no intention of implementing. + +I don't think I need to mention the likes of Do Kwon, Alex Mashinsky and John Karony as well as know their deviousness all too well. On this particular note we should realise an important step in DYOR. NEVER invest in any token or platform that has a single individual as the face of the entire company, usually the founder or CEO as the face of the company. All of these people are only here to feed their own ego, and use the veneer of crypto "freedom" to attract those already holding resentment toward traditional finance to gain their blind trust. They are here for the cash and the attention. If nothing else, find yourself a platform or product with a CEO/head whose keeps his/her head down and puts in the work and doesn't have to tweet every hour for validation. + +This trickles further down into investment based on "endorsements" from celebrities like Kim Kardashian, Floyd Mayweather and Tom Brady. You can even include Matt Damon in this as while it was an "above-board" paid ad, he was 100% using his name and influence to promote crypto and should clearly know the risks and backlash that it could bring but he seems to have blindly sold out for the money. + +Recent market events have also shown that we give these people way too much power. I saw a comment on the sub that said it's actually not a bad thing if Cefi collapses, as Defi would take over. A *very* interesting statement. +The wallet is containing 290 Bitcoin, worth $13,636,377.53. + +The owner probably bought some Bitcoin just because it looked interesting and might have forgot about it, until now. + +Another probability is that someone has looked into an old PC and has randomly found this wallet with its password. + +This follows another Bitcoin wallet from 2010 moving $240M worth of BTC. + +In 2018 another ancient wallet has woken up, owning now worth $5 Billion of Bitcoin. + +([link to wallet waking up](https://whale-alert.io/transaction/bitcoin/41cdc50afa94244936499c8260386646818ebd29c7d5d3cdeea34ad0f7f7ab49)) +First, for those who don’t know me, I’m the guy that comments and cheers on 98%+ of purple ring posts. I’m xxxx all in GME, 100% DRS. I’m on here many hours a day every single day. I love encouraging and helping others. 🦍💕🦍. If you have questions or concerns, please comment or PM me and I will have, or find, the answer for you. Every single reply to this will get a response. + +My biggest worry about DRS numbers is that once all apes who are going to DRS do so, the CS account high score will completely stop growing (except for apes still acquiring multiple accounts), and then our DRS total will only increase by the amount of shares existing DRS apes are adding. Then, instead of our numbers growing by 3-4M per month, they will only grow by maybe 500k per month (educated guess). At this reduced rate, it would take several years to lock the float! + +#This is why these 3 things are CRITICAL!! : + +1. The **word about DRS** and GME fundamentals needs to be spread to the masses **outside of Reddit**. If every ape would just try to reach 1 other person outside of Reddit each day, the float would be locked in no time! Twitter, FB, real life, etc. EVERY APE can do this and can start now!!! + +2. Apes with money tied up in **other investments could convert those to GME and DRS**. Consider trading in your “other investment” now. It’s the perfect time before the markets tank. Even IF both squeeze, only GME has a turnaround plan that can launch MOASS. +This could also include taking the tax hit or DRSing your IRA if you can. **IRA DRS new link :** +https://www.reddit.com/r/Superstonk/comments/sh5cy1/how_to_drs_rollover_simple_traditional_and_roth/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf + +3. Apes with shares in brokers that will not DRS, such as **Etoro and T212 : think about selling and re-buying elsewhere!!** They don’t have the shares anyway, so selling hurts nothing! Please don’t trust your millions to a broker that won’t DRS! Read your TOS. + +Great comment from u/mia6ix : +“Shorts aren’t closing positions voluntarily, for one thing. Their whole plan was to never close, and they sure aren’t doing it at $100 or even $50/share. For another thing, shares held in eToro aren’t even traded on the real market. Their TOS makes that clear. Apes who “own” shares at these so-called brokers that won’t allow them to DRS are stuck with a position that probably isn’t even real, and will likely be force-liquidated at the first hint of MOASS. If all those apes dumped these crappy brokers and re-bought shares on the open market AND DRSed them, we’d have the float locked and some real buying pressure, finally.” + +Credit u\Life_is_Good22…**GREAT** new video to share with Joe Public! : https://www.reddit.com/r/Superstonk/comments/smf7y1/retirement_accounts_are_giant_ponzi_schemes_why/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +More detail about how I know #1-3 are so critical : + +There is nowhere near 700,000 of us on Superstonk and other GME subs. The vast majority of ‘accounts’ are dead/dormant accounts. I think it would be generous to say there is even 250,000 apes here. + +On the subject of the number of CS accounts … yes, the high score account number being 1243xx (sorry I can’t wait on the high score guy) means there are 124,300 account NUMBERS. However, there are many apes with 2 or more CS account numbers. I’ve spoken to many apes that have 3-6 different account numbers! This is exactly why roid_rage_smurf (DRSBOT guy) has added the new CSX feature. PLEASE support this! **Simply go back to your original CS post and comment:** + **!DRSBOT:CSx!** +where x is the number of different CS account numbers you have. +**Important: do this even if you only have 1 account or even if you posted long ago.** Otherwise no data is entered for you and if mostly apes with multiple accounts report, it will skew the CSX data higher/DRS total lower. Help spread the word. You can see in the comments section of each purple circle post whether someone has yet to report CSX number. + +After collecting data from the first **1300** apes that submitted a CSX number, the number of accounts per ape is 1.36. This reduces the 124,300 CS accounts based off of the high score to actually 91,397 “unique ape-CS accounts”. (Maff=124,300/1.36) +This is why BOT and CS.net numbers were so far off from GameStop’s earnings release number of 5.2M on October 30!! + +#91,397 x 160.49 = 14.6M shares DRS’d. + +This is the current number of accounts per high score 124,300 adjusted/divided by 1.36 because of apes with more than one account, multiplied by DRSBOT average shares per ape: + +You can already see on u/stopfuckingwithme ‘s high score post graphic, that the rate of new CS accounts over time is substantially dropping. (Not reducing for CSX), **Only 10,000 high score accounts were added in January versus 17k in Dec, 15k in Nov, 34k in Oct.!!! And now only 4300 in half of February!!** + +Next, all too often I see posts using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of ~75M minus insider shares of ~12M (even IF all of those are registered) = 63M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 250,000 apes on Reddit, the average number of shares per ape would need to be 252 to lock the 63M. Obviously this will take a much longer time to accomplish. Even if we DRS 5M shares every month from October 31 2021 forward, it would take us until the end of the year to DRS the 63M shares. + +This post is meant to be purely motivational and encouraging. I think if and when GameStop releases the CS numbers as of January 29 in their March release, we will be lucky to be at 16M. Don’t wait for that number. Get off your butt and spread the word to the masses outside of Reddit NOW!!! and DRS your max! I don’t trust any broker now. I certainly won’t trust them not to screw us over during MOASS and/or when they’re facing insolvency. Would you put $50M in a bank account in your neighbor’s name? Then why would you leave your GME in the DTCC’s name?! I don’t say this to scare anyone, I say this because I love you and want you to get your tendies. + +#Changing the world is what’s at stake!! + +**BE THE CHANGE!!** + +Edit: I barely understand Twitter. If I can do it, you can do it! A couple of my tweets have received over 100 views each. Here is text of one as an example for others to use: + +“#DRS Direct Registration of your Shares takes them OUT of the criminals’ hands: DTCC, Short hedgefunds, MM/market manipulators, and puts them in YOUR name. No more lent shares! #GME #Superstonk” + +For newer apes, please check out computershared.net by u/jonpro03. + +#TLDR: DRS your max! Spread the word. +#LOCK THE FLOAT!!! + +🦍💕🦍 +There's a very interesting article in today's Sunday Times (UK, probably paywalled) [Why money worries can be a fatal obsession](http://www.thetimes.co.uk/article/why-money-worries-can-be-a-fatal-obsession-sx8823hsl) + +From the headline you might think 'oh another story about unmanageable debt spiralling into depression and eventually suicide' but actually it's very different. + +The person concerned was well paid, as was his wife, and they had no debt. His money 'problems' came from an obsession towards saving, and knowing the exact state of his financial affairs (he would regularly ask his wife to check their current mortgage balance). + +His behaviour all sounds like things which we would commend in this sub, like maximising his tax-free savings allowance, putting away lump sums each month in savings accounts, taking his own lunch to work and seeking out the cheapest options for take-away coffee. + +On reading his diary his wife found he thought it note-worthy when he didn't get worked up about spending £5 on dinner at the convenience store on the way home from work. + +Despite seeking help he very sadly took his own life in 2011. + +I personally am a somewhat obsessive and depressive character, I've had several bouts of counselling and was addicted to gambling for a while in my teenage years. This article has got me wondering if seeking FI is just another form of obsession that can become just as damaging psychologically. + +Are there any trends people have seen and how do you stop FI/RE destroying the very thing it's trying to create, a better more enjoyable life? +Spoke to my bank and they are happy to let our payments go into arrears, but then they said it will effect our credit rating due to the no payments. + +When questioned why I would want to do that, their reasoning was that lenders would <i>hopefully<i> take into account the pandemic and ignore that blemish against my credit rating. + +What are our thoughts? Whats the point in freezing repayments if it is going to probably be detrimental in future??? And then afterwards the payments woukd be higher also? Should we all just eat into our savings if we have any? +I'm sure this is not a very popular opinion but hear me out before you down vote. + +It's starting to feel like the memes posted here are rather repetitive and don't really add any value or quality input into this community. It's quite annoying seeing the same meme posted over and over again whenever the price changes and I think it stems from a large influx of newcomers just eager for karma. + +If the majority of posts on the sub are solely comprised shitty memes everyone has seen a thousand times then it defeats the point of this valuable platform that allows people to discuss and learn about its topic. + +I think if memes are posted on a separate sub then the content of this sub is would be significantly increased. + +Just my two cents. + + +**Reference**: *I've been talking to friends and family. They aren't too shaken...but a little surprised. They are all in it for the long haul anyway....so I just wrote them this reply. My best friend referenced the dot com bubble and the fact than many of those companies never got back to ATH and many dissipated.* + +=========================================================================================================== + + + +Yup. I agree *****. Add to that the panic sell pressure of the ICO's. That's really (in my view) adding to the immense pressure of the bear. ICO's were raising TONS of ETH and BTC over the last year. Bubble popped then rebounded to $800...from then the slide began and companies want to do everything they can to get working capital going or maintained. In hindsight....that was a missed opportunity on my part but I've been sitting on my hands pretty strongly due to my hacks and the fact (I believe) time is on my side anyway. + +As you all know, I'm in the thick of it 24/7 and I'm swimming in the Kool-Aid so bare with me. + +For Ethereum specifically, it's now coming down to 3 big things: + +1.**Widespread adoption** i.e. [Dapps](https://dappradar.com/), [mobile Dapps integration](https://www.htc.com/us/apps/cryptokitties/), over the counter fiat onramps ([gift/debit cards](https://www.coindesk.com/coinbase-launches-crypto-gift-card-service-in-europe/), money remittance like paypal but international, paying for coffee/gas/groceries less fees than Visa). Heck...even [Visa is looking for Blockchain engineers](https://www.indeed.com/m/viewjob?jk=b36f4dbb6b6140d5&from=serp). Institutional velocity across many sectors,[ asset tracking](https://www.coindesk.com/td-bank-considers-public-blockchain-for-asset-tracking/), [healthcare](https://hashedhealth.com/blockchain-healthcare-resources/), [agriculture](https://www.provenance.org/), [provable identity](https://www.uport.me/), [censorship free social networks](https://peepeth.com/welcome), and most importantly helpful in [poor and flourishing economies](https://un-blockchain.org/category/wfp/).. etcetera (tons of companies out there) + +2.**Scaling**. + +3.**Ease of use for all ages.** + +Get those things together within 2 years ( beginning 2021) and the foundation for Ethereum is set. Ethereum has 7 different teams in charge of scaling presently and an unprecedented amount community developers flocking to create software. But it''s groundbreaking work and many people are working on the blueprints as we speak on GitHub. + +Bitcoin: Big Mama. ...Bitcoin and all of crypto is nowhere near "household name" in terms of awareness, understanding and fundamentally less prone to ever change or do any of the 2 aforementioned points. Bitcoin doesn't need to. It does one thing extremely well and is the [most powerful computer network on earth](https://www.blockchain.com/en/charts/hash-rate) doing only one thing. Ethereum is around 1/7th as popular as Bitcoin from the looks of [Google Trends](https://trends.google.com/trends/explore?q=Ethereum,Bitcoin) in terms of overall searches. It's too expensive to use and will NEVER ever be capable of Smart Contracts like Ethereum or other smart contract platforms. It's a one trick horse...A very big Horse. + +The big difference between the dot com bubble and crypto is they are essentially two different things. One is a network of computers. The other is a network of computers using another network of computers to secure an algorithmically rare, immutable ledger with a coin as a reward with a predetermined, provable decline in issuance. The first was Bitcoin. + +Ethereum is every bit of that but it's actually a computer in and of itself running autonomous code called "smart contracts". + +It's just that right now Ethereum is a baby TRS-80 Tandy Computer from 1977 using a phone handset and audio tape to connect to the inter library system. Soon it will look like DOS in the 80's...and hopefully within 3 years. 10-15 years it will as ubiquitous as trading desks, AWS services, and all of social media combined. + +I say this as we become more and more a cashless and global society. + +I still maintain the real bubble hasn't arrived. We didn't even break[ $800B total marketcap in this last bubble across all of crypto. +](https://coinmarketcap.com/charts/) +One helluva run indeed. + +Although past performance doesn't necessarily guarantee future success, I still maintain if scaling works, pending no core protocol black swans, then I still target $10,000 ETH as a possibility sometime in the year 2020 or 2021. That puts Ethereum as a trillion dollar market cap by itself and by that time we will have [flipped Bitcoin](https://www.flippening.watch/) in terms of marketcap. We have more nodes and at times more than 4x transactions daily. [More jobs than ever](https://new.consensys.net/careers/) and they can't even find enough people. + +Lots going on. Incredible trading volume here at $263 and I couldn't be more excited really. But what a dark time pricewise! + +Take care everyone and Big Hugs from Kansas City + +Edit: thanks for the gold kind stranger! + +Edit 2: Added the links I had in the original letter. +Seriously. Over the past months I've been making a list. + +Target guy: You were nice to me. You get money. + +Cheesecake factory guy: You were nice to me. You get money. + +Walgreens girls 1 & 2: you both made me smile. You get money. + +Target girl: you were funny as hell, and super sweet. You get money + +Dunkin Donuts people 1, 2 and 3: you guys seriously have amazing souls. You get money. + +Ex boyfriend: you believed in my dumbass when everyone else laughed in my face. You get money. + +My only stipulation will be no pictures, don't post my name, seriously, just walking away knowing I changed your life is good enough for me. I'm a karma whore, so if you HAVE to, you can say /youdontsharewelldog gave it to you. That way you guys can see I actually followed through 👍🏻 + +Alright, see you apes on the moon 🦍 +The human psychological condition includes constantly looking for stronger sources of power outside of ourselves. We do this to lower anxiety by lowering our felt personal responsibility, and we do it to try to impart some greater sense of meaning to our lives. It’s no coincidence that almost all of the religions across time and place include gods which are above and beyond us and which hand down moral codes for living. + +I’ve thought for a while now that this same psychology is at work in the minds of many retail investors, who are strongly drawn to the idea of a stronger party like a friendly whale, Elon, Blackrock, DFV, GME, etc. being absolutely necessary for the success of this play, being the true power. In their minds retail is just hitching a ride on the backs of those larger whales. + +Bullshit. Those other players are hitching a ride on the back of retail. Retail is the power, retail is the central element and strongest force in everything we’ve seen happen since this crazy ride began. Yes, powerful forces outside of retail have tipped the scales this way and that, but retail is the scale. It’s retail that will ultimately decide how this story ends because it’s retail that owns what I believe to be an astonishing amount of shares, likely several multiples more than every other invested entity combined. It’s retail that owns the shares and it’s retail that gets to decide what to do with them and when. Never forget that. +Hi guys for Info the CEO of citius pharmaceuticals will present an overview and provide an update on the Company's products under development, including its lead product candidate Mino-Lok, currently in Phase 3 trials tomorrow, this could act as a catalyst. + +The webcast of there presentation will be available to view starting on Tuesday, March 9, at 7:00 a.m. Eastern Time. Link below + +Webcast: https://journey.ct.events/view/262c140c-bae9-4791-bee8-7a03b2d8449a +Fact: Hedge funds can make the stock price do whatever they want. + +Fact: Hedge funds haven’t covered. + +Fact: I am an autistic retarded ape who eats crayons. And this is not financial advice. + +The market is coming down retards. Myself and hundreds of others have been telling this for months. Don’t believe me? Check my past posts. + +The theory is that the hedge fucks are literally butt fucking the market to gain capital so they can pay up when margin calls. As seemingly great buying opportunities for other stocks continue to present themselves, I state once again that I am NOT BUYING ANYTHING ELSE. Why!?!?!! Because that’s what they want me to do!!!!!!! + +“bUt pAlAnTiR iZ $18” + +I DON’T GIVE A SHIT + +The only place I know my money is safe at this point in time and for the foreseeable future (until GME MOASS) is in my beloved GameStop. Cheeks so juicy this bitch stay taking all my money. My wife’s boyfriends jawline isn’t having nearly as much fun with her and I know he envies me. + +So wtf am I saying? + +GME will fall. It will drop with the rest of the market like it did today, and like it has done several times in the past in order to mimic a crash. And as you are liquidating your entire portfolio, you will look at GME and you will hesitate... You will see flashbacks of all the DD and memes you have read over the last months (or days if you are new here). You will remember all the good times and laughter this community has brought to you through some tough times. And you’ll smile and remember why you hodl ..................................................... +And at that exact moment, you will see GME rise like a Phoenix, and you will be flooded with emotions that will make you warm inside while at the same time making your genitals tingle. Your bias will have been confirmed, and your tendies will taste that much better. + +Love you guys. +Crypto.com has been going insane with its marketing. From Formula 1 to Twitch to the UFC and Matt Damon. So many people see their logo on the daily. It’s probably been the reason why CRO has been rallying recently. It’s great to see crypto adoption spreading in the mainstream and Crypto.com has been spending a lot of money to make that happen. + +I think Crypto.com has the potential to be one of the best and largest exchange out there, I just wish they would spend some of that marketing money to improve their exchange. Get more trading pairs, a better interface, lower fees, easier fiat onramps and they could easily beat Binance. They also have a kickass debit card program. + +Hope they use this opportunity to become a great exchange. +Both are essentially the same thing, except that the Sensex comprises of 30 stocks, so that could be one argument for opting for Nifty. What other reasons are there that Nifty index tracking funds are more popular than Sensex ? +An example of the Sensex index fund is Reliance Index Sensex Growth Plan, which only has an AUM of 18 Cr. Also, I noticed that the long term returns of Sensex are slightly higher than the Nifty, Could be just that the top companies grew more than the bottom 20. +ITC seems to be very undervalued and available at around 23 PE(242.5 - CMP). Has 3 strong businesses with cigarettes, FMCG and hotels. It is not a pureplay FMCG but is still very cheap compared to other peers like HUL(around 60 PE), P and G (around 80 PE) and Britannia(around 50PE). Also has an amazing dividend yield of 2.44 percent which is very good. Also don't feel people who smoke are going to stop anytime soon, so cigarettes can perform even in a recession? Views? +Both are essentially the same thing, except that the Sensex comprises of 30 stocks, so that could be one argument for opting for Nifty. What other reasons are there that Nifty index tracking funds are more popular than Sensex ? +An example of the Sensex index fund is Reliance Index Sensex Growth Plan, which only has an AUM of 18 Cr. Also, I noticed that the long term returns of Sensex are slightly higher than the Nifty, Could be just that the top companies grew more than the bottom 20. +Hi all, + +Investment/financial noob here so please forgive the nature of my question. + +I'd like to know how to calculate profit after factoring in inflation over time. + +For example, lets say I purchased a house in 2009 for INR 40 lakhs and sold it in 2021 for INR 70 lakhs. + +The 'profit' is INR 30 lakhs, but of course Rs. 1 in 2009 is not the same as Rs. 1 in 2021. + +So how much did I really profit after factoring for inflation? + +Thank you! +I am selling a plot and plan to build a house with the proceeds to get exemption from capital gains under section 54F. From what I have read, I need to put the sale proceeds in a Capital Gains Account and then withdraw from it as and when I need it for the construction of house within the next 3 years. + +The account comes with several terms and conditions which must be adhered to. I wanted to know from first hand experience of those who have gone through the process, what it's really like to use it and how easy it is to withdraw money and close the account at the end of 3 years (or 2 years as the case may be). + +Does it have any online transfer option or one must physically visit the branch and fill up the form everytime? Can the account be opened in semi-rural area branches? Any experience you can share would be valuable for me. +Pros + +1. Market leader in India, only airline which has been continuously profitable +2. It had quite large cash reserves before the crisis to allow it to ride this out +3. Indian airline will most definitely continue to grow in long term +4. Current crisis could shutter competitors like Spicejet which were already on the edge and force Tata to exit one of its two airline stakes (Vistara and Air Asia) +5. Increasing international routes +6. No exposure to Boeing Max +7. Known to be diligent and out of the box at cutting costs + +Cons + +1. Main promoters have 37% share each who are at war with each other +2. Allegations of corporate misgovernance. Ironically the fact that both promoters are at odds with each other should keep both of them on their toes and reduce risk of fraud +3. Airline industry is quite difficult in general +4. Very large pending order with Airbus. Needed to refresh anyway but also a risk of overcapacity if the market doesn't grow as expected. Cancellations are quite expensive. +5. P&W Engine trouble history. Although I heard they are changing vendor for newer planes, there a continuous grounding risk from DGCA. i do hope they use the grounded time now to replace all engines ASAP. +If they dropped it by 10% in half an hour and with 1 million volume, to me there is only explanation: THEY ARE DESPERATE. + +HODL AND BUY till mother fukers go bankrupt! 💎 ✋ + +Love you apes! + +Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters.... +https://www.cnbc.com/2019/10/09/china-still-ready-to-discuss-partial-deal-despite-tech-blacklist.html + + +'Separately, the Financial Times on Wednesday morning reported that officials in China are offering to increase annual purchases of U.S. agricultural products by $10 billion a year, in order to reach a partial deal. + +″(Vice Premier) Liu He is coming with real offers, it’s not an empty visit,” an unnamed source told the FT. “The Chinese are ready to de-escalate.”' +TL;DR: Jim Hines is a sleeze-ball politician, happy to use a tragic story to push a false narrative. Alex Kearns, was a victim of RobbingHood's ineptitude, and not a helpless retail trader, in over his head. The facts tell a different story, Jim! + +&#x200B; + +So I know after today's hearing, there is a lot for us to be excited for & pick apart. But as we're all waiting for the more wrinkled brains to figure it out & let us know (*ahem*, u/atobitt, we're all patiently waiting for part 2...), I wanted to bring attention to something that bothered me today & clear up part of the story of Alex Kearns, who representative Jim Hines so humbly invoked to push an agenda. + +I'm going to be calling Jim out (a lot) in this post, but I'm not trying to be political or anything. Jim is just a shill & deplorable human being. + +\-------------------------------------------------------------------------------------------------------------- + +During the financial services hearing today, in the context of whether or not restrictions on options or leverage for retail investors need to be implemented, rep Himes threw in this comment... + +&#x200B; + +>I don't need to remind the committee that we all know the story of Mr. Alex Kearns, who took his own life because he traded in some fairly complicated options strategies and discovered that he had created a liability for himself that he had not anticipated... + +&#x200B; + +Do you, Jim? Do you really know? Because I don't think you do! I think you're a shill, using a tragic event to push FUD. Lets break down that statement quick... + +* He traded in fairly complicated option strategies: **False** +* Created a liability for himself: **False** +* That he had not anticipated: **The only thing he didn't anticipate is his broker being a pile of garbage** +* We all know the story of Mr. Alex Kearns: **YOU DON'T** + +&#x200B; + +Before providing more commentary, I'm going to present the actual story & break down some numbers. + +\-------------------------------------------------------------------------------------------------------------- + +# Alex's Last Trade + +**According to MotherJones** ([https://twitter.com/BillBrewsterSCG/status/1273292130769932288](https://twitter.com/BillBrewsterSCG/status/1273292130769932288)): + +>Alex opened his RobbingHood account as a senior in high school, investing about $5,000 saved from birthdays, a lifeguarding job, and gifts from his grandparents. By the time he was a college sophomore, he’d tripled it. +> +> But unbeknownst to anyone who knew him, Alex had begun trading high-risk \[*that's opinion*\] financial instruments called options. +> +>\[On Friday Morning, an email\] came in a little after 3 a.m., warning Alex he had just five days to deposit [$178,612.73](https://www.documentcloud.org/documents/20689151-kearns-v-robinhood#document/p3/a2030745) to begin settling the trade. +> +> He’d thought the losses on this trade were capped at $10,000. +> +> RobbingHood [did not provide](https://www.documentcloud.org/documents/20689151-kearns-v-robinhood) any obvious live customer service phone number. + +&#x200B; + +**Source**: [https://financhill.com/blog/investing/what-happened-to-alexander-kearns](https://financhill.com/blog/investing/what-happened-to-alexander-kearns) \- From the article: + +>He took a screenshot, which was later recovered by his family that reflected a cash balance of ($730,165). It seems **Kearns believed he had incurred sudden, massive financial losses.** +> +>Noting that he had neither requested nor authorized margin trading, Kearns was stunned to discover that such a loss was possible. According to a family member, [a note written by Kearns just before his death](https://twitter.com/BillBrewsterSCG/status/1273292130769932288) said, in part:  +> +>*“How was a 20 year old with no income able to get assigned almost a million dollar’s worth of leverage? The puts I bought/sold should have canceled out, too, but I also have no clue what I was doing now in hindsight.* +> +>*There was no intention to be assigned this much and take this much risk, and I only thought that I was risking the money that I actually owned. If you check the app, the margin investing option isn’t even ‘turned on’ for me. A painful lesson.”* +> +>**Kearns’ death is a tragedy in so many ways, but nothing is more discouraging than this: Kearns didn’t owe $730,165.** +> +>In fact, he had a balance of $16,000. **Based on the experiences reported by a number of users it seems that the large negative balance showing in Kearns’ account was likely only temporary – not a balance owed**. +> +>It seems that the amount was probably off due to the time it takes for underlying stocks to settle. + +*(The article goes on to speculate that Alex had been dabbling in Bull Put Spreads)* + +&#x200B; + +**Suicide Note & Final Balance Source**: [https://twitter.com/BillBrewsterSCG/status/1273292130769932288](https://twitter.com/BillBrewsterSCG/status/1273292130769932288) + +>*Fuck Robinhood* + +*(Yes, those were some of his last words....)* + +**RobbingHoods Automated Replies**: [https://www.cbsnews.com/news/alex-kearns-robinhood-trader-suicide-wrongful-death-suit/](https://www.cbsnews.com/news/alex-kearns-robinhood-trader-suicide-wrongful-death-suit/) + +>In response, he received an automated message: "Thanks for reaching out to our support team!" The email said, "We wanted to let you know that we're working to get back to you as soon as possible, but that our response time to you may be delayed." The company assigned him a case number, **06849753**. +> +>The day after Alex took his own life, Robinhood sent an automated email suggesting the trade had been resolved and he didn't owe any money.  +> +>"Great news!" The email read, "We're reaching out to confirm that you've met your margin call and we've lifted your trade restrictions. If you have any questions about your margin call, please feel free to reach out. We're happy to help!" + +*(Fuck RobinHood)* + +\-------------------------------------------------------------------------------------------------------------- + +# Alex's Star Burned Fast but Bright + +Deplorable Jim Himes (and most media) implies that Alex was a retail trader over his head & as a result of bad investing found himself with a huge liability. Well Jimbo, the numbers tell a different story... + +*(please note, I'm not trying to argue that an 18/20 year old with $15k to their name should be trading millions of dollars of options, any reasonable broker that gave half a shit would have stopped that way sooner!)* + +From the above articles... + +Alex's initial balance (18 years old): \~5k + +Alex's final Balance (20 years old): \~16k + +2 year return: **\~11k (\~220% profit)** + +That's an impressive start! + +Unfortunately, the exact details of his final trade are not public - probably because this story only gets worse for RobbingHood when everyone finds out that Alex made money on the trade. ANYWAYS... based on the information provided by his family, we can put together some key information. Here's what we know + +* **He "tripled" his initial 5k investment - 15k** + * *(This was actually from the above quoted MotherJones piece. I couldn't find another source for this, but I'm inclined to believe it. 5k was the minimum investment requirement on RH in 2018 for margin & gold. And if he was playing with bull options in a bull market, i.e. 2018-2020, tripling is actually reasonable)* +* **He had no income at the time**, he was a college student - in other words, the money he was investing, was the money from that (***tripled***) initial investment. He wasn't dumping every cent he had into RobbingHood. I really think Alex was a smart, risk-averse kid. So it makes sense when MotherJones speculates he thought his loses were capped at 10k +* **Margin was turned off** \- See? Smart, Risk Averse. He could only invest & lose what he had in his account. We've all seen the people do stupid stuff on RobbingHood (GUHHHH), but keep in mind that those are really extreme situations. And as awful as RobbingHood is, they have risk limitation protocols. (Just to see, I've tried doing some dumb shit on RH & it really does stop you if you don't have collateral) There is no way that even RobbingHood would let someone with 15k in collateral post a potential $730k loss trade, the system would reject it +* **Alex thought the puts he bought/sold should have cancelled** \- They did, Alex :( +* **His final balance was $16k** +* **Alex did not owe RobbingHood $730k, he did not owe them $178k, he owed them NOTHING** \- His margin requirement was settled Monday, restrictions lifted. For those unfamiliar with options, the timeline of these event indicate/are consistent with a strategy called 'spreads.' Spreads have two parts called 'legs,' typically one leg provides a credit, the other a debit. In Alex's case, he did his research & set up his spreads to limit his potential loses and cap his potential profit. + +Given all this, we can deduce that whatever his trade was, he only put up $10k as collateral - his profits from 2 years of investing! His final balance was $16k, a net gain of $1k, or a 10% profit on the trade. + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------- + +&#x200B; + +So, in looking for some actual details & hard facts on this story, I noticed something concerning. If you just google 'Alex Kearns' the stories all have the same narrative. Alex Kearns died thinking he owed $730,000, he didn't know what he was doing, just another reckless retail investor in over his head. + +But I think when you actually look into the story and check out the numbers, it's a different story entirely. Alex may have been a little aggressive in his trade, but like he said, he was only risking the money he actually own. He had done his research, he knew his trade. His only mistake, was having a shit broker that doesn't answer their phones, or even have one... Literally, all someone had to do was pick up and answer a phone call and this kid would still be here. + +So JIM?! Who and what do retail investors need protections from?? Do we need to be saved from ourselves, because we cannot figure out how to limit our potential risks? Or do we need protection from predatory brokers that aren't even required to have a god damn phone?? + +Go fuck yourself Jim Hines + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------- + +&#x200B; + +>The company assigned him a case number, **06849753** + +My floor is $6,849,753 +Recently graduated school and landed a good job, now that I have steady income I’m looking to start investing. I know a basic amount but not a ton by any means. + +At my job I’m allowed to have headphones in so I try to listen to podcasts and figure if I could listen to something on investing that would be ideal. + +Edit: I really appreciate all of the responses, clearly have some listening to do. Thank you! +["The Big Short" Explained](https://www.youtube.com/watch?v=csQUNX-xnBc) + +I loved the movie The Big Short when I saw it in theaters a while ago, however, I didn't immediately understand everything that was going on. I figure a lot of people can relate to that, so I made a video explaining exactly what happened during the 2008 financial crisis and what the protagonists did amidst the housing bubble. I hope you enjoy :) +[https://www.reuters.com/markets/europe/futures-rise-easing-china-covid-curbs-lift-travel-leisure-stocks-2022-06-28/](https://www.reuters.com/markets/europe/futures-rise-easing-china-covid-curbs-lift-travel-leisure-stocks-2022-06-28/) + + June 28 (Reuters) - Bank shares boosted the Dow Jones and the S&P 500 indexes on Tuesday as the big four lenders raised dividends following a stress test, but a sharp drop in consumer confidence brought to fore the risks from rising inflation. Wall Street's main indexes started the week on soft footing on worries of rising prices and an aggressive Federal Reserve dominated sentiment. Economic data remains at the forefront of investors' focus amid few market moving catalysts till the start of earnings season in two weeks. +I live in constant fear that I will (A) have my wallet compromised and my ether stolen from me or (B) lose access to my ether due to a slight error in copying down my password or a wallet bug or something. + +To make matters worse these two events are a bit in conflict. The more secure I try to make my ether to prevent against A (put my ether into a multisig, etc) the more B grows as a possibility (lose one of my multisig addresses or make a mistake in the multisig contract). Just one small mistake somewhere and it could all be gone. + +This fear has even driven me to spread a portion of my ether holdings onto two exchanges. I figure if my wallet gets stolen or lost, at least I'll still have a little ether stored for me by a third party. The sad thing is that I've had to accept that over the course of the next couple of years chances are I'll lose at least one of those exchange holdings (given the short life of exchanges). + +I admit it. I got Goxxed. Maybe I'm just dealing with post-Gox stress disorder. Is there a support group for this? +(TL:DR - Escrow scam. Forums. DON'T DO IT!!!) + +Morning Redditors, + + +This is the story of how I gave away over £12,000 of Bitcoins last night to a conman. I hope that it is a good read, up there with other true crime stories like The Hatton Garden Heist or Making of a Murderer but I can't promise crowbars let alone a murder. The real purpose of this story is to make sure no one else ends up being scammed like I did. + + +Two days ago I watched with my brother the escalation of Ethereum up into the night sky, a twinkling $2 star. We discussed making an investment in Eth as our mining operation at 126 MH/s didn't instill the same sense of excitement from the rising Eth price. What if we had not spent £900 on the rig but simply invested it at 90 cents. We'd surely be laughing now. Not watching tears puddle. + + +Now it isn't straight forward buying Eth, first you have to get some Bitcoin and then use that on an exchange site to get Eth. Being a tight arse I spent a long time googling how to get hold of Eth in the cheapest possible way without buying it for $2.2 or more. That's when... + + +Scanning the https://forum.ethereum.org/categories/sale I spotted a guy who wanted to sell over 32,000 Eth. The dream was to be able to afford vanilla latte's whenever I went out. A mere 1000 Eth would be plenty... + + +[Exhibit 1](http://i.imgur.com/Wot2wL7.jpg) This is the post I clicked on and private messaged the guy.. + + +"I'll offer you 4.5 BTC for 1000 ETH". That's about $1.8 per ETH. + +*"I can sell you more 10k ETH for 42,5 btc if you want to buy."* About $1.7 per ETH. + +"Hmmm. I'm interested, but want to know a bit more. How would this transfer work? +How do I know I won't get scammed :) Sorry. Thanks" *Slap myself so hard it cuts my quivering lip* + +*"It's ok and i respect yours question . We can use any escrow , also i have 15600 ETH and i will sell them all.Ok, escrow is ok for me."* + +"Ok. I've never used an escrow before, do you know a particular one that is good?" + +*"https://webchat.freenode.net/ channel #ethereum DEV is Animazing , join here pls"* + + +[Exhibit 2](http://i.imgur.com/mPKXlwe.png) + +OK so it should be like on a submarine when the alarms go mental, all the internal cogs firing warnings. Yeah I obviously had a few doubts but the guy was so convincing and confident.. bloody con men. + + +---------------- +-------- **PART 2** -------- + +This is not easy to write. I'd prefer to simply forget and move on and not go on any holidays for a while. + + +You may have noticed how my initial 1000 ETH request turned into 10,000 ETH! Just like that. Hey, why not? We could sell it on almost immediately for more. OK. That's most of my savings but imagine the reward. And so easy. Easy money. If it looks to good... blah blah. **bullshit**. + + +So we're doing escrow. ESCROW. Someone mentioned that once somewhere, it's that safe way of transferring money via a middle mediator who makes sure both sides give him the money before he passes it on. Everyone is happy. And safe. I googled escrow naturally as I didn't know much about it. Still don't. But the fact is there wasn't an obviously site that jumped out and said "I look safe and modern, do escrow with me!". So I kindly asked the conman to recommend somewhere and he directed me to the chatrooms of Ethereum. + +Fucking hell. Anyway on we go. + + +--- *NEW SCENE: https://webchat.freenode.net/ #ethereum* --- + + +The guy StrongEth has the name 'Navigator' now. He directs me to a private chat room with a guy called @'Animazing. I have no idea who this is. I am reprimanded by @'Animazing for my ignorance. He is an Ethereum dev and forum moderator. Oops, I don't want to ruin the deal. I apologise for my ignorance. Navigator also apologises on my behalf and then tells me not to worry in our own private chatroom. + + +[19:07] <@`Animazing> i/m Moderator +[19:07] <@`Animazing> and who are you ? +[19:08] <+lifeofplum> I'm just a guy who wants to buy some eth +[19:08] <+lifeofplum> Ok but I don't see what stops you running with our coins? +[19:08] <@`Animazing> Then go search who i'm +[19:08] <@`Animazing> before you say anything +[19:09] <+Navigator> sorry man +[19:09] <+Navigator> He don't know, he is new +[19:09] <@`Animazing> I don't care Navigator who is who +[19:09] <+Navigator> i know +[19:10] <@`Animazing> He need to checked before he cross in Ethereum community +[19:11] <@`Animazing> http://pgp.cs.uu.nl/paths/85BE4B0C/to/695506FD.html +[19:11] <@`Animazing> ifeofplum +[19:11] <@`Animazing> http://pgp.cs.uu.nl/paths/85BE4B0C/to/695506FD.html +[19:11] <@`Animazing> FIRST READ +[19:11] <+lifeofplum> look i'm going to need to do a bit of research, this is just going a bit too quick sorry +[19:12] <@`Animazing> https://redditjs.com/u/animazing +[19:17] <@`Animazing> So guys + + +To be honest I had no idea what these pgp images showed. But they looked legit to me.. Me. Who knows nothing about escrow or pgp. Dick head. [Exhibit 3 - PGP link](http://pgp.cs.uu.nl/paths/85BE4B0C/to/695506FD.html) + + +My next quest was to get hold of 42.5 BTC. No easy task. Especially when you are not verified on any of the main sites. After a couple of hours deliberating and coming up with nothing I tell Navigator it is no good, maybe we can try again tomorrow. I was going to play a boardgame downstairs (Castles of Burgundy) so was quite happy to leave it there. Navigator says "try LocalBitcoins". The price was £293.46 per BTC and I would deal with a individual seller. Hmmm. I wasn't too sure about this. But I thought it seemed alright and could be done quickly so I went ahead. Doing it in two installments of 20 BTC and then 22.5 BTC .. to be safe!!!! Ha. Well it went perfectly well. + + +That was maybe another point where I got further sucked into his web. Now I had trusted one random guy on the internet and it had gone well. Why would I doubt Navigator? Eh? + + +The excitement was beginning to build. Imagine 10,000 ETH. Imagine when the price climbs higher. This is my moment. At the time I remember thinking.. "look back on this date as one of those days when your life changed". Oh god. The writing was on the wall in front of my face. + + +**!!!ATTENTION: people have been impersonating Ethereum staff. Please note: we will NEVER advise you on an investment, ask for private keys etc. Be careful !!!** + + +I even brought this up with Navigator.. + + +*"Yeah you have to be careful". We can trust @'Animazing though 100%."* + + +Fuck a doodle do. Animazing gave me his bitcoin address. I send the 42.5 BTC to that address. He tells me to be patient, it can take up to 20 minutes to reach him. We wait 16 minutes exactly until it is confirmed. + + +[22:53] <@`Animazing> i POST BTC address +[22:53] <@`Animazing> 1AA3DK4ru2musrEuduyg4dSofCieZteUAW +[22:53] <+lifeofplum> ok +[22:54] <Navigator> Ok 42,5 btc for 10000 ETH +[22:54] <+lifeofplum> Right +[22:54] <+lifeofplum> Sending now +[22:54] <@`Animazing> Ok +[22:54] <+lifeofplum> Sent +[22:55] <@`Animazing> Ok +[22:56] <@`Animazing> waiting to confirmation +[22:58] <+lifeofplum> how long does this normally take for transfer? +[22:58] <@`Animazing> still unconfirmed +[22:58] <@`Animazing> 20 min +[22:59] <+lifeofplum> ok +[23:12] <+lifeofplum> 1 confirmation i think +[23:12] <@`Animazing> yes , still waiting +[23:18] <+lifeofplum> I see "3 confirmations" for the transaction in my wallet now +[23:19] <@`Animazing> wait pls +[23:22] <@`Animazing> 2 confirmation +[23:22] <@`Animazing> in the wallet +[23:22] <@`Animazing> just wait 1 more +[23:32] == `Animazing [c3f2dea6@gateway/web/cgi-irc/kiwiirc.com/ip.195.242.222.166] has quit [Quit: http://www.kiwiirc.com/ - A hand crafted IRC client] +[23:32] == Navigator [c3f2dea6@gateway/web/freenode/ip.195.242.222.166] has quit [Quit: Page closed] + + +Hold on. Why did they both leave at exactly the same time? Stay calm, it's ok. Maybe the chatroom went down. But I was still here, other people too - enquiring about how to get their mining rig running in Geth. That black hole of doubt started sucking me in. Little by little until I was overcome. This cannot be. No way. There must be an explanation. + + +@Animazing was still in the forum but when I tried messaging him I was told he way away. Hmm. Why had he suddenly disappeared? Surely everything would be OK - if he were a main dev of Ethereum he couldn't run away. THINK. + + +Navigator had sent that pgp image and there was an email address for one Jeffrey Wilcke. I googled him, he was definitely a real person. Everything would be fine. I could hunt him down in Amsterdam on my bicycle if need be. So I emailed him. No reply. + + +Found Animazing on Reddit - "Where are you? We were in the middle of escrow." + +Found Ethereum on Facebook - Private message "Do you know Animazing? I need to speak to him asap." + + +What to do? Had I really just lost £12,748? Cycling through the stages of grief. + +Denial. Anger. Bargaining. Depression... + +----------- + + +Surely someone would know Animazing in the chatrooms. I spammed everyone. You know when you exert yourself or find yourself really panicked and high on adrenaline, and you just don't care about anything - no inhibitions. Well now I was at this point. Someone needed to tell me something. Finally some guy called kopykat seemed a bit wise to the situation.. + + +*"What was his name exactly?" he asked.* + +"Animazing" + +*"Can you copy and paste it?"* + +"@'Animazing" + +*"Well that isn't Animazing. Do you see the '? It's a fake account. An impersonator."* + + +The final torpedo had hit. The submarine was going to rest on the bed, the people resigned to be entombed for eternity among the fishes. **ANGER.** HOW COULD I BE SO STUPID? + + +---------------- + +**PART 3 - Today. 25th January. After the night before.** + + +An awful night of anxiety, there was no cold side to the pillow anymore. At around 9am I received an email from an Ethereum developer - the **real** Animazing - who I had Facebooked last night: + + +**"I'm afraid you got scammed. I have never done nor will I ever do an escrow."** + + +Bargaining. It can't have been for nothing. As I rolled sweaty in the night head spinning like the stars above I thought about how this could possibly be a positive thing in my life. I would sell my story and make my money back! HA. Nope, that would mean everyone would know how much a fool I am. I don't want to be a fool to the world. I can keep that to myself. + + +Maybe this is my way in to a job at Ethereum? Some people do actually have to pay for internships these days. Nope, it is time to be realistic and go and chop some wood. It won't know what hit it. + + +The final stage of grief hit me late this morning: Acceptance. + + + + +EDIT: Should add, the two checks paid to the estate total less than $400. It's a really pretty insignificant amount to have to go through much hassle, but I guess it is what it is. Thank you everyone for your help; I will work on responding to each of you. + +I took the check to our bank and they said I'd need an estate tax ID to set up an estate account or something? And also mentioned something about needing to prove that I am the beneficiary/appropriate person to have power over this estate account. How do I go about getting this? They left very generic instructions and said I'd have to go to irs.gov... + +I think I could probably figure it out eventually, but I'd really appreciate it if someone with more knowledge on how this all works could just guide me through the process. I don't have much energy to do, well, anything right now. + +Thank you in advance. +Hi everyone, I'd love to hear your stories and thoughts on how to meet a partner with similar financial ideals/ goals etc. as it's one of the biggest financial decisions one can make in life. + +I have meet some wonderful people on the dating journey yet have had challenges finding a path forward together financially, namely lack of savings or other investments by mid 30's/ early 40's with the people I've been meeting or in some cases straight up lying about their financial position. + +While I have a decent income right now, it does vary so while salary is a factor, someone's attitude towards saving and investing is more important to me than straight up salary. + +Personally, I just don't want to have to work F/T until retirement age and want to travel a lot more going forward and have found those two goals are something I'd love to do with my forever person. + +1. How/ where did you meet? (city/ country/ online/meetup etc.) +2. Did that \^ have a big bearing on commonalities between you? +3. How and when did you start the conversation about future goals together? Kids? Travel? Marriage? +4. How did you vet that what they were saying was actually true without sounding/ coming across as a controlling a$$hat? +5. Did/ have you stopped dating someone due to financial goals not aligning? +6. If you're in Brissie, any particular hobbies/ clubs/ interests you'd recommend? + +Thank you! + +&#x200B; + +EDIT: Thank you to everyone who posted, it's been interesting to read all your stories. You've confirmed that I'm on the right path and with some minor adjustments on timing of conversations (earlier and light hearted), observation of habits and an open mind to finding goals that excite both parties and that align with my values, it is possible to create something wonderful together even if both people are not currently in the same financial place. I may not be able to stop someone blatantly lying to me about finances, but I can decide my actions afterwards. +I was trying to login to Coinbase from a fairly new laptop. + +The site looked right. But for some reason my auto-fill wasn't working. I thought this wasn't right, but it was a fairly new laptop... So I manually typed in my login and 2fa. Then I got a text that I changed my 2fa. I didn't do that! So I tried to login to coinbase again. My 2fa code wasn't working. uhoh. I opened coinbase app on my phone and saw 2000 was purchased in Bitcoin. OMG! I disabled my account immediately. My mobile app was signed out. Then I got the email for the 2000 purchase. I dont think the attacker had enough time to send my funds out. Then I looked at my browser history. I guess I went to coinbasi dot pro by typing coinbasr dot com instead of coinbase! Then I emailed support @ coinbase my issue, what happened step by step, a screenshot of my browser history, my IP address, and a message that any activity not from my IP address was unauthorized. Mrrr. I plan on traveling internationally and was going to sell some coin to add to my bank balance, instead two grand was siphoned. I might have to change my departure date now. I'm definitely calling my bank in the morning. I'm nervous because anytime I email coinbase support it takes like a week to get an answer back. Ugh. +This is the first batch of futures expiring 4 PM London time (upvote to stop FUD). RELAX, short positions will unload BTC that they used in the spot market as a hedge.. Buy the dip if you’re lucky and we get one. Stop panicking. +I am legitimately baffled by this... the CNBC lady admitting it on the air, I get it. I get the hysteria and honestly the level of comedy. + +But I really didn’t know (my brain is as smooth as a balloon) that her saying this on the air basically translates to THE WORST KEPT SECRET OF ALL TIME being “exposed.” + +I honestly still can’t wrap my head around this “fallout” from her basically saying the sky is blue but I’m all for it + +BUY HODL ETC 💎 +So.... I think I screwed up. I rented my house to my sister after her divorce, and I moved into an apartment. TurboTax is now telling me that I owe taxes on the entire amount that she paid me to cover the cost of that property. I was under the impression that any income I gained would be offset by the costs, but now it says I owe an additional $3,000 in income tax. Am I doing something wrong? (Other than making bad decisions in general...) + +EDIT: Thank you all for the responses. Quick update, we did charge her close to fair market so we aren't as screwed as I thought. Sill a huge chunk that we owe, but with my wife's W-2 withholdings we are at least in the black. Thank you for all your help! +With everything that is going on, I think a recession is now pretty much inevitable. I'm in sales, which is always a high risk field when the economy tanks, and my large multinational company has already forced all employees to work from home indefinitely going forward - I'm getting concerned that a downturn is now already in progress and remember 2008 too well. + +I would get redundancy pay but am going to start putting more into my emergency fund, just in case. Anybody else planning something similar? +For any of you out there that have already made it to the goal of Financial Independence...... What was the key to your success? If you had to start all over again what could/would you do differently to get your goals quicker or more effectively? +Hi. + +As post says my wife is terminally ill with cancer. We’ve come to terms as much as we can. We are focused on using the decent health she has to spend time with the children and prepare for the inevitable. I’ve ring fenced some money and excluded from the below. + +The emotion is done and we are pragmatic about what we need to do. We have a meeting with a financial advisor next week provided by a charity to go through some of the immediate issues. + +Looking ahead past that point I need to provide for myself and two young children. 6 months and almost 4 years old. + +Currently I’m on extended leave from work. Paid. They’ve been great. I’m on a circa £100k. But they won’t pay me forever. + +It is a senior position and fairly intense. Not something I’ll be able to do with two children. Maybe part time somewhere else in the organisation. I’ve yet to ask for longer term options. I couldn’t successfully succeed in a role such as that WFH. + +At my disposal is approx: + +£12k Vanguard ISA +£73k critical illness payment (untouched) +£50k premium bonds +£35k cash savings + +Buy to let property £55k equity. The income matches the repayment. This is actually a drag on cash flow £500 a year after insurance and maintenance. There is £70k left on this mortgage. That if paid would give me an income of £550 a month. + +We own a £450k house with £90k left on mortgage. + +I’ve only got £110k in my pension. So I do need to get my career back on track eventually. My wife has a pension but we don’t know what is in it. Maybe £20k. + +We’ve few relatives capable of helping with child care. I want to raise the children until they go to school at least anyway. + +So I need to take several years out surviving part time at best. + +My question is, how would you do this? Sell the buy to let? Pay the mortgage? Pay the buy to let off? Get an au pair / childcare and go to work for a while longer? + +I really don’t know. My heart says sod it, survive on savings till children at school. But I want to spoil them rotten and that takes money. + +I would suggest that I do have an elderly relative, I’d estimate I’m set to inherit £300k in the next 5 years. + +I’m lucky we’ve got money and have done well. I just want to give my children best life possible. I’m pragmatic enough to know that me just staying home and spending all the money isn’t necessarily best for them. + +So UKPF, I don’t need your sympathy, please can I have I some cold financial opinions on what am earth maximises what I have? Is it a pipe dream to say survive 4 years on these savings. I dunno. + +Edit. Sorry outgoings. + +Like £400 food a month. £500 mortgage. Gas/Electric £100. We live pretty frugal. Max essential outgoings including clothes insurance etc £2000 at the moment. + +We’ve also got £25k in the two cars we own out right. I guess we could sell one now. That’s another £10k in the bank. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +**(Not a financial advisor and I round off a lot because the exact numbers & dates aren't really the point. Also for smooth simplification)** + +**I know we've all heard the all too familiar saying, "this is the last dip before the rip" but look at Gamestop moves for the past year.** + +**I'm making this post very easy to follow so anyone including any new apes here can understand it.** + +**After the first rip last January, the stock dipped after they turned off the buy button, hitting a bottom of around $40 and bounced back up in no time. You can see that here.** + +&#x200B; + +[Peak before the drop](https://preview.redd.it/1q0ntka10kb81.png?width=1284&format=png&auto=webp&s=da5236ddc79e2e0d52cfa2bc02e706f0e7fe8a91) + +&#x200B; + +[Bottom of the Drop ](https://preview.redd.it/e9fitqf70kb81.png?width=1284&format=png&auto=webp&s=cff064b15abc74cf18d5fd044f79659eb345cdfd) + +&#x200B; + +**So that's about 22 days that they could keep it down and they brought it down about $380, having required removing the buy button to even do so. Then it shot right back up.** + +&#x200B; + +[2nd Peak](https://preview.redd.it/0iaz4zqx0kb81.png?width=1284&format=png&auto=webp&s=8493d2aa7bbd4ccff5643638c93209bd1842862e) + +**Since then they've been dropping the price and the time frame for how long they could keep driving the price down has been getting wider before Gamestop bounced back again.** + +&#x200B; + +[2nd Bottom](https://preview.redd.it/gtb6syso1kb81.png?width=1284&format=png&auto=webp&s=05e7d84c5a83045421ad21ecfe6290a961c3322b) + +**So from a high of around $348 on March 10th to a low of about $137 on May 11th. That's about $211 for about 62 days. Then, bounce titties and...** + +&#x200B; + +[3rd Peak](https://preview.redd.it/o5qp81uq2kb81.png?width=1284&format=png&auto=webp&s=39ef380ee68bdb4cccc1cf7bf47f3da039088caf) + +**We're back at a peak of about $344. Then they take us down again to a low of...** + +&#x200B; + +[3rd Low](https://preview.redd.it/qhpsqn753kb81.png?width=1284&format=png&auto=webp&s=3b51af4bd2ea75c921845d2ed07cbbb74f62f6a9) + +**About $145 which is down about $199 until about August 19th. So from June 8th that's 41 days. They couldn't hold it as long as this time but still around the same so basically rinse repeat happened here. Then we go back up from a low of $145 to...** + +&#x200B; + +[4th Peak](https://preview.redd.it/f4bljiz44kb81.png?width=1284&format=png&auto=webp&s=2b1202d594fca6633f376e49ac6a3e6f872c4daa) + +**$222 by August 31st. Then they dropped it back down.** + +&#x200B; + +[4th Low](https://preview.redd.it/lh5zpa6p4kb81.png?width=1284&format=png&auto=webp&s=0655bfa729f8ac037180131f3baf0b2146633074) + +**To about $167 over the span of about 55 days. And from August 31st to October 25th that's also 55 days. I remember wondering if they had really been losing that badly that they couldn't drop it further.** + +&#x200B; + +[5th Peak](https://preview.redd.it/z83kdawc6kb81.png?width=1284&format=png&auto=webp&s=6ccacc9b1b541263c203ebf1c55463afe985240a) + +**Then by November 22nd we come back up to about $250. That was the last peak. And now we're on the way down reach a new low of...** + +&#x200B; + +[Present Day](https://preview.redd.it/3arkp0lr6kb81.png?width=1284&format=png&auto=webp&s=bf03d856da2cbcc613eac4bd2d26609ee9f16505) + +**About $122. That brings us down roughly $128 in the span of 52 days give or take. So to sum it up.** + +**1st Round : 22 Days $380 Drop** + +**2nd Round: 62 Days $211 Drop** + +**3rd Round: 41 Days $199 Drop** + +**4th Round: 55 Days $55 Drop** + +**5th & Present Round: 52 Days $128 Drop** + +**To me it looks like they held back in the 4th Round. It looks like the 2nd and 3rd round they were testing shit out. They figured out what they needed and then I think they saved up their strength to come in strong on the 5th round and I think it's going to continue to drop making this the longest and biggest dip.** + +**THEY CANNOT LET ANY FOMO BUYING HAPPEN ANYWHERE IN JANUARY.** + +**We got news coming from Gamestop. This news could lead us into yet another round or it could be the Knock Out.** + +**So...let them use all their resources, partner up, plea with the ref, suck a dick for some change, whatever the desperate need to do. This HAS TO HAS TO be the biggest dip and when they've thrown all their punches, every last one, using what they learned from rounds 2 & 3, then that's when you hit them with meanest right hook Wall Street has ever seen.** + +**I don't know how this turned into a Rocky film but it is what it is.** + +**If this happens we're going to see some scary red days for the rest of January, maybe well into February is my guess. Which is why I personally am LOADING UP this whole month as often as I can.** + +**I'm talking 100% DRS! Exercising as many options as I can! Buying more options the lower the price gets and the sexier that IV gets! For me, and I may be wrong because I'm the most retarded ape in all of Superstonk GUARANTEED, but it seems so right to me based on everything we've seen lately.** + +# TLDR: I'm a smooth ass ape who wholeheartedly believes this is for real for real, the last dip before the holy rip. This dip is the fire sale of a lifetime. I am the FOMO. I'm selling my beloved Loar LH-700 Archtop Acoustic Guitar, my dear sweet PS4 that got me through the Pandemic, and whatever else I can find! + +**\[Again this is not financial advice. I am really fucking stupid. Like seriously, I'm surprised I made it this far in life. I just love Gamestop and for once in a long while, I'm really HYPE AF and my titties are officially jacked once more\]** + +**Love ya'll. Sorry for all the bold font.** + +**Gamestop is life.** + +**Nova out.** +Every month I set aside around £20 to fund my reading and learning. It's something I've been doing for the last 2 years. And I purchase 2 or up to 3 physical books most months. Usually go for finance or personal development. Psychology and even classic novels (on Orwell at the moment). I feel it's a great way to learn and also gives me a release from the 'real world'. I love the fact that every year my library grows. It makes me so happy to know I can refer back to a book at any time. And when I hit 60, I'll have a huge private library someday.... +If anybody wants, I can make a list of what I have read and purchased. +# With the financial freedom and access that comes from citizenship (can live anywhere in the US, UK or EU) and FIRE (in ~8 years) - I am struggling to figure out how to choose where to live and raise a family. (we are fluent in english and intermediate in german) + +I want the best for my family and for my kids to have an incredible upbringing, and since we have flexibility I am willing to move anywhere for it. + +While I currently work in an office, I think both partner and I would be able to work remotely and move to *this location* a few years before FIRE (and start a family) or immediately after FIRE. + +I am wanting to narrow down some choices on where to live based on some criteria. The world is my oyster and I was wondering if folks have struggled with trying to find where to live in the world based on their values, good place to FIRE and raise a family? I feel overwhelmed thinking about it and it's hard to discover these gems/find places. + +Some criteria: within \~1 hour to a major international airport, great walkability score (we like to bike and walk vs. car), near cultural event (museums, concerts), very close or integrated into nature and open/wild spaces, sustainable living choices/houses/neighborhoods that are well designed/modern, vibrant downtown areas, progressive education, access to amenities (healthcare, parks, public spaces)... + +Any thoughts on strategies on how to narrow down and find great places to live? Any other criterias you've used to find where you will retire and live? + +&#x200B; + +Edit: Also safe - in terms of natural disasters, climate change and general social safety, as well as a diverse environment (of people, places and things!) +Disclaimer: This is probably a stupid question, I'm not exactly what you'd call an investing mastermind. + +Anyways first off, when the boomers all start retiring en masse, will this not have a negative effect on the market? I figure this because they're obviously going to all cash out sooner or later, therefore, won't this massive sell off be a negative force for the market? + +As for birthrates, they're down sharply. My generation doesn't seem to be down with the whole kid thing. Won't this lack of buyers in the market also be a detriment? + +Thanks. Bonus points if you manage not to insult me :) +I mean if people who are extremely smart, go to ivy league schools, and dedicate their life to finance can’t beat the market. Why do any of us think we can or even attempt to do so? + +I know this will come off condescending but it is a serious question +write down something you or someone you know did in their financial life, +that they regret, so us Ausfinancers could learn from their mistakes + + +**Problem:** just Lost life savings by hiding money in a personal safe. +**Solution:** use a bank, dont keep your money in cash +**Story:** my mums partner who is very oldschool always stored his 'retirement savings' as cash within a safe. He had over $200k built up. It all came unstuck when he sold a boat on facebook marketplace and receieved payment in cash. + + the next day his house was robbed, they took the 20k cash from the boat sale - and also helped themselves to his his entire super. He never saw the money again even though they caught the theif. +Hello beautiful Apeys!!! + +It's been a while since I posted something of substance, and what better time to do that than when I just realized something huge. + +\----------------------------------------------------------- + +**DISCLAIMER:** + +**Don't ever trust a date**. + +Why? 2 reasons: + +1. Bad actors have literally infiltrated the sub and manipulate posts with dates so that you buy calls or puts and get rug pulled. +2. Even if a date legitimately comes through the cracks, and is spot on... Once it goes viral, hedgies know when to short for free premiums. + +So unless you figured out a date that no one else figured out, you're going to have a bad time playing publicized dates. + +Why did I preface with that? Because even though I'm not going to give any dates, just the fact that this idea makes sense would lead people to conclude a general idea of a date on their own. + +This isn't financial advice, this is just me trying to make sense of what I'm seeing and share it with my fam and I'm 100% sure that *if* a date can be pulled from this information, it's gonna get **rug pulled**. Even if it's just another day or week or what ever and it'll be almost **impossible to time**. + +In other words, fuck options entirely. *(Unless you know what you're doing and enjoy playing the game itself on a day to day basis. I'm saying fuck trying to time the next cycle, just BUY, HODL and DRS.)*. + +Also I haven't been reading much of the new DD lately as I've had a lot of stuff going on in my personal life, so if other apes posted similar stuff, I apologize for the redundancy. + +Maybe I'm right, maybe I'm wrong, maybe I'm a regarded ape who eats crayons. + +But what I'm going to share is just **my** observation about the cycles themselves. + +If you get one thing out of this post it's that **MOASS is inevitable and DRS is fucking working like a freight train on crack. And** ***nothing*** **else matters.** + +\----------------------------------------------------------- + +**Now for the actual post:** + +&#x200B; + +[Something you might not know about me Joe Rogan... I DRS!!!](https://preview.redd.it/0ywa6a8yipu91.png?width=977&format=png&auto=webp&s=1724c0eb1c69b16389abb8dc5e1ebc83bd4785cc) + +&#x200B; + +GME *clearly* goes through cycles. + +The reasons are speculation but I can't deny that it goes up then down then up then down in a relative frequency that can be calculated. + +Let's look at right before January 2021's sneeze: + +[123123123](https://preview.redd.it/t3k0htk7jpu91.jpg?width=1886&format=pjpg&auto=webp&s=c79232c74f732a656095ccc3a2306cd1c1793d84) + +&#x200B; + +1. Big boi candle with a sexy peak then sharp drop. +2. Decline in price back to roughly around the previous cycle's wave "3" +3. Rise from the ashes like a phoenix in preparation for the next cycle. + +That's literally it. + +It seems to be a game they're playing to collect premiums in order to slowly unwind the position over time. Without DRS, they could have unwound it slowly. Not anymore, sorry hedgieeeee </3 + +If you *squeeze* the chart just right, you can see that even January's baby sneeze followed the same pattern. It's just heavily manipulated and thin because hedgies shut it down real quick. But had it been allowed to actually squeeze, it probably would have looked just as "wide" as the other cycles. Just really really big. + +[123123123](https://preview.redd.it/1yy0dw4ajpu91.jpg?width=1578&format=pjpg&auto=webp&s=a588a3fa15c2dea10435f674de44055b03f560d3) + +*(Might have went to like $3k to $5k and many hedgies would be bankrupt and the big bois would have lost a lot of money but still survive. And society wouldn't collapse, it would have just really sucked for them lol I bet they wish they could just go back in time and close out those shorts when they had a chance to stay in business)* + +After the skinny January baby sneeze, the cycles continued their normal look and pattern. Just bigger. + +See: + +[Nov 2020 to Jan 2021](https://preview.redd.it/c2fs4e2cjpu91.jpg?width=1542&format=pjpg&auto=webp&s=60d606b3ea2d3b8a80c209bc4c07eee7e2d6fd30) + +[Feb 2021 to August 2021](https://preview.redd.it/jymg70hejpu91.jpg?width=1184&format=pjpg&auto=webp&s=0ad9f1d1363217c935af5248ed38f293178477f1) + +Little became big. + +Meaning the little pattern turned into a big pattern. But it's the same pattern, just larger proportion size. + +The cycles were perfectly aligned and right on schedule, until something happened in August 2021. + +&#x200B; + +[12312da fuq?](https://preview.redd.it/2cdopqggjpu91.jpg?width=2215&format=pjpg&auto=webp&s=e917a8ef46ad724c1bb3c24eb55eac2fd2b0d03c) + +&#x200B; + +The blue line pictured below is the same line in both images, just moved over. + +Same length of time from wave 1 to 3: + +[Why u tease me August daddy??](https://preview.redd.it/uuyx4bpijpu91.jpg?width=1065&format=pjpg&auto=webp&s=dd0fcf266dc455f9692560046472005637b5c31c) + +The blue line below is the same distance from the last cycle's peak extended forward. + +&#x200B; + +[Not what it seems.](https://preview.redd.it/amkm57ukjpu91.jpg?width=1215&format=pjpg&auto=webp&s=fa5e028a1b25fec872120d5f9ee8a902c20f76db) + +&#x200B; + +And clearly the pattern repeats but.. why no big boi peak? It's like wave 1 is muted. + +I think August's "wave 1" is actually the end of "wave 3". + +The cycle was about to get set up to repeat February's jump but in a higher tier/price point. + +The pic below explains my thought process. + +It's a little chaotic lol but go slow and follow the arrows with me. + +https://preview.redd.it/ecu90aanjpu91.jpg?width=2127&format=pjpg&auto=webp&s=de52d2ed336071a21bc893e2d5b9b84935c19947 + +First notice the blue arrow on the bottom left from February. + +It points to the medium setup candle for wave 3 before the cycle repeats. + +Now look at the blue arrow on the right. + +They're basically the same size. + +Now look at the white arrow on the left showing the slow climb up which ends wave 3 and begins the new wave 1. + +Notice the white arrow on the right showing the same thing. + +Now look at the blue diagonal lines. + +Using the fact that the first candles were about the same size and a similar sized climb afterwards, I made the blue line on the right show where the price was about to climb. Roughly about $472. + +The pic below is what I think should have happened but for some reason, didn't. + +&#x200B; + +https://preview.redd.it/5f3r8inojpu91.jpg?width=1215&format=pjpg&auto=webp&s=727a7c21af4de76d48b93b89ba7ee7a50d1c8397 + +Taking the same distance from the previous peak to peak, you can see that little red candle was the real start of wave 1. + +https://preview.redd.it/1apfpospjpu91.jpg?width=1437&format=pjpg&auto=webp&s=ce349512ebf66647773442564ab10ee384d7e9cd + +It's way closer to the edge of the line, and makes more sense when you continue the pattern with the same length. + +&#x200B; + +[Proportions distorting and peaks suppressed. But why?](https://preview.redd.it/f1hdw4erjpu91.jpg?width=1499&format=pjpg&auto=webp&s=9bae214386d1de078b30e47aec41ba0b70129ad7) + +Big became little and then little became big. The algo was freaking the fuck out. The proportions kept distorting between the waves. It was stretching and squeezing proportion like an exponential accordion. + +Multiple mini cycles happened in between and by the time it got to wave 3, it was setting up for a jump to about 600. + +When you extend the distance forward from our new wave 1's peak, looking at it from this 1,2,3 lens, it really looks like it was about to rip as the proportion was increasing exponentially. + +Okay so clearly something happened to set everything out of whack. But what? + +**Spoiler alert:** DRS changed the pattern and caused their shorting algos to go insane, and ever since August 2021, the proportions have been all fucked up making mini cycles happen sometimes instead of big boi dildos. And I also think they're now intentionally skewing the cycles so we don't catch on to what's really happening. Which is that the cycles are changing dynamically. + +Look at the next image to further prove my point. The blue lines are the same distance every time, just shifted over. + +I think this is the most convincing evidence that from August 2021 onward, wave 3 is masquerading as wave 1 and wave 1 is being suppressed with all their might: + +&#x200B; + +[What's this rogue cycle?](https://preview.redd.it/otq5byoulpu91.png?width=1556&format=png&auto=webp&s=673ad54d64ee976eb14664fa18556cf6a000828c) + +It's pretty flawless. But after August 2021, every new wave 1 is muted and wave 3 is being set up to look like wave 1. + +It's now waves on waves on waves interlocking and changing shapes and sizes but keeping proportional distance. I'll get to the rogue cycle in a minute, but even that matches up to another smaller cycle extended out. + +It just looks so obvious. I really think I figured it out. The distance and the cycle itself can grow or shrink, but they can't hide it anymore. + +Using this method, you can literally find the 123 pattern everywhere just drawing a line from wave 3 to another wave 3 and extending it forward. + +Here's an example so you get the idea. You can see it's all the same distance and if you look closely, you can see that every line hits the beginning of a wave 3, right before a wave 1. Every time. + +Even if the scale is so ridiculously small that it's hard to see. Might have to zoom into smaller time frames to really see it clearly at times, but it's always there. Test it for yourself. + +&#x200B; + +[March 2022 to August 2022](https://preview.redd.it/yury6335mpu91.jpg?width=1743&format=pjpg&auto=webp&s=9527a2a14bf878846d58c2fe71efcb8e5a6312e7) + +I think we all missed this because we were looking for big green dildos. But with the knowledge that it changes size dynamically, it's clear as day. And I hope I'm doing a good job showing you guys what I'm seeing. + +Now let's zoom out again.. What happened here? + +https://preview.redd.it/hg514ii6mpu91.jpg?width=1541&format=pjpg&auto=webp&s=75df7d730bc7cf48a4814ccb9718849ede2159a5 + +DRS boiiii that's what happened. + +I think the T+42069 theories where hedgies have to buy back shares after a certain time frame was true. But I think that they ran into a problem after we started DRSing. + +You see like I said earlier.. Without DRS, they could just keep resetting the pattern and unwind over time. + +So the big boi peaks prior to August 2021 were due to the fact that there were shares readily available for them to buy back. + +DRS started happening around June/July 2021, so by August 2021 there was a lot of shares in transit already removed from their little scam. + +Without enough shares available to buy back to fulfill obligations, they literally can't buy them back in full now without paying CS limit sell order numbers. So the price didn't rise, and we saw hella glitches during that time. + +So muted peak in August, algo go crazy, then November it started getting out of hand with that exponential wave 3, so they did something else to delay it. + +This next part I'll admit I didn't do all the research I should have on it, so I could be totally wrong. It's just *one possible explanation*. + +It's total speculation / tin foil. But seems reasonable when I really think about it. + +So what do I think they did? + +Well first let's zoom in: + +https://preview.redd.it/kpx5i8n4npu91.jpg?width=953&format=pjpg&auto=webp&s=654099f3e635bcaba0c68d8ba5c4afae25365e47 + +There's a post in another sub about SFTs. I can't link it due to automod, but u/JackTheTranscoder posted [this link](https://www.securitiesfinancetimes.com/securitieslendingnews/industryarticle.php?article_id=225847) stating that the new SFT central clearing service went live on October 6th of this month. + +I think December 6th 2021 was supposed to be another cycle like the one before it but they found a new way to delay buying at a reasonable price of 100 million per share. + +I think they launched a soft beta on or around December 3rd, 2021, just in time to stop the next wave from reaching it's full peak and allow them to continue driving the price down. + +My reasoning: + +On [the official website](https://dtcclearning.com/products-and-services/equities-clearing/sft-clearing.html), the wording does kind of look like they launched it in beta on Dec 3rd. + +&#x200B; + +https://preview.redd.it/ha3p4476npu91.jpg?width=1520&format=pjpg&auto=webp&s=1ad2d65026eb8e81976b0fdf555cb6cfb180c328 + +&#x200B; + +https://preview.redd.it/46y99emanpu91.png?width=1999&format=png&auto=webp&s=54fb4a7659a545965c11804cf9eeb157f50db71b + +That last part looks like they're inviting people to participate, test it out, give their feedback and ignore obligations on the low before the full launch. + +Another thing that caught my eye: + +>NSCC will generally support the activity in CNS eligible securities. + +What the fuck is CNS? + +[Read this](https://www.dtcc.com/clearing-services/equities-clearing-services/cns) + +&#x200B; + +https://preview.redd.it/71hz09gcnpu91.jpg?width=1769&format=pjpg&auto=webp&s=50514f840ac106155e690b1750cd54aacd9d6b23 + +>[What Is Mark to Market (MTM)?](https://www.investopedia.com/terms/m/marktomarket.asp) +Mark to market (MTM) is a method of measuring the fair value of accounts that can fluctuate over time, such as assets and liabilities. Mark to market aims to provide a realistic appraisal of an institution's or company's current financial situation based on current market conditions. + +Basically "Fuck the rules, fuck the obligations, we don't give a fuuuuuuck bro. Do what you want, we'll have your back. Your short position gets blown up? Meh, we'll revalue it to minimize risk. Because ya' know... Rules only apply to the poors. ;-)" + +Of course, this SFT central clearing service shit and all their tactics only apply to a non DRS'd stonk. + +So to review what I believe has been going on since at least December 3rd, 2021, the stonk needed to be bought back in cycles as we're aware. + +They realized DRS was going to make the purchases go exponential in price. So they soft launched the SFT central clearing shit *(or some other fuckery method)* in order to simply ignore it for a while and they currently have an open SFT agreement or equivalent which is constantly re-valuing the position so they can stave off margin calls. But DRS is fucking up their algos hard. + +It could be that every time they do a "marked-to-market" re-netting, they could just be selling to themselves on the dark pool for pennies to allow the transaction to roll over somehow. + +But every time a share is DRS'd, it doesn't matter what you value the stock at or how you cook the books, if you can't locate the share, you're fucked and have to actually pay fair value on the live market. + +So they really are hanging on day by day using up boat loads of cash to suppress wave 1 every time so they don't go under because there may actually be a critical margin level for them. + +And that's my tinfoil theory of why November 2021 had that huge drop. The SFT thing might have holes and it could be some other reason, but I think I'm on the right track of "what" is going on, regardless of "how". + +And they were sustaining it for a while. Untillllllll.... RC bought towel stock which fucked them in the butt. + +Their collateral obligations even with this "new service" went through the roof, DRS is working and they had to locate live market GME shares which gives us the the rogue March 29th wave which was very out of place but now makes a lot of sense. + +If anyone has any info to debunk my tinfoil or to help support it, by all means let me know and I'll make an edit cuz I admit I'm dumb sometimes. + +So wrapping this up, the 123 Cycle seems legit to me. But it's not the *"something huge"* I promised at the beginning. + +**This is:** + +[Little becomes big. Really big.](https://preview.redd.it/nylhqptdnpu91.jpg?width=1481&format=pjpg&auto=webp&s=5eec268a620349e11f4ced60ab29e315b7b5e1f4) + +We bout ta blow. When? Who knows. But my guess is that it'll continue to fluctuate up and down for a while. + +We could see 30 or 40 bucks short term before a slow decline back to the base which ends wave 2 and begins wave 3. Or it could literally just drop from where it is to the base before it rips. I have no fucking clue lol but I feel I'm right about wave 3. + +Timing is literally anybody's guess at this point due to the nature of how these cycles are fluctuating in proportion and even if this 123 method is "right" about the next wave 3, that could just be a baby wave 3. So that's why I'm adamant about just buying, holding and DRSing and waiting it out. + +Again, no dates. This is not financial advice. This is just my observations and some tin foil for ya'll to wake up to lol hope you guys have a great day and enjoyed reading my ramblings. <3 + +**TL;DR: 1. Price go up, 2. price go back down, 3. then price go back up again. DRS is making this cycle happen faster and more violently, and each new peak is being suppressed because they can't locate the shares to buy back so they're ignoring it somehow.** + +**And the monthly chart is setting up for a major rip. Don't get tempted, just DRS and wait it out.** +I know it's all conjecture but it seemed Eth was very "comfortable" around 3500 - 4000. I personally don't believe we will see eth at 10k, or at least not for the next 10 years. I may be dead by then, who knows. So if eth gets back to 4k, I'm cashing out all 75 of these bitches. +hello apes, + +This morning I read an article in a newspaper about how ''redditors are collectively hopping on the silver train''. The article in question was from FD, basically the Dutch Financial Times. + +It's about the following article;[https://fd.nl/beurs/1372360/gamestop-beleggers-richten-zich-op-zilvermarkt](https://fd.nl/beurs/1372360/gamestop-beleggers-richten-zich-op-zilvermarkt) + +&#x200B; + +We all know damn well that the ones who bought GME are still holding it, and that no OG WSB member cares about SLV. So I asked them about their sources to justify an article about Redditors buying silver and they replied with these two sources. They basically said that they get first hand information from analysts and that they are not writing anything that is not truthful. Additionally they said they are aware of the market sentiment but that they are also aware of ''redditors driving up the price of silver''. I sent them eight of the most popular posts of WSB of the past 24 hours to point out the market sentiment (which is GME). They provided these sources for their article; + +1. [https://www.reddit.com/r/wallstreetbets/comments/l6novm/the\_real\_dd\_on\_slv\_the\_worlds\_biggest\_short/](https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/) +2. [https://www.reddit.com/r/wallstreetbets/comments/l68ill/the\_biggest\_short\_squeeze\_in\_the\_world\_slv\_silver/](https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/) + +&#x200B; + +One of these posts has even been deleted! I pointed out that the accounts that promote silver are mostly new accounts, or accounts that have been inactive for a long time. They said they did not see any proof for that statement and referred back to two SLV posts here. + +TLDR; Media ignoring the actual market sentiment + +PS; Yes, I can provide screenshots of the emails I wrote, but they are not in English so I figured there would be no point it posting those in WSB. + +Disclaimer; not financial advisor. Do your own research and make your own decisions +Hi r/CryptoCurrency \- thanks for having us today. + +Accounts you can expect to see in this thread: + +* /u/cpzhao \- that's CZ! If you don't know CZ, he's the CEO of Binance. +* /u/Binance \- that's us, Binance! + +CZ will be here answering questions at **1:30pm UTC** for around an hour. Please feel free to submit your questions in advance. We'll do our best to get to as many of them as possible and to cover a diverse range of topics. + +Since we've got your attention, here are some recent Binance updates that you should know about: + +* [Binance is Now a Fully Regulated Digital Asset Service Provider in France](https://www.binance.com/en/blog/markets/binance-is-now-a-fully-regulated-digital-asset-service-provider-in-france-421499824684903809?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial) +* [Binance Awarded Specialist License By Dubai’s Virtual Asset Regulatory Authority](https://www.binance.com/en/blog/ecosystem/binance-awarded-specialist-license-by-dubais-virtual-asset-regulatory-authority-421499824684903580?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial) +* [Binance awarded Crypto-Asset service provider license in the Kingdom of Bahrain](https://www.binance.com/en/blog/ecosystem/binance-awarded-cryptoasset-service-provider-license-in-the-kingdom-of-bahrain-421499824684903563?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial) +* **REMINDER** \- [BUSD is one of the only fully regulated, licensed, and fiat-backed stablecoins available.](https://www.binance.com/en/blog/ecosystem/binance-widens-access-to-its-regulated-licensed-and-fiatbacked-busd-stablecoin-421499824684903861?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial) +* [CZ’s FAQ 8 - On LUNA/UST and Taking the Right Risks](https://www.binance.com/en/blog/leadership/czs-faq-8--on-lunaust-and-taking-the-right-risks-421499824684903883?ref=ERQKP7ND&utm_source=BinanceReddit&utm_medium=GlobalSocial&utm_campaign=GlobalSocial) +Hi r/personalfinance, admittedly I have made some poor choices in my young adult and have put myself under a mountain of debt. Specifically credit card debt that I thought I would be able to handle on my own without my parents help. I have a job on campus that I work throughout the week that pays me about $85-100 weekly depending on the hours I take on. I thought I could make my payments on time and in full until a few bad decisions ran up the amount needed to pay off became too much to bear. As of now it totals out to about $2,500 in credit card debt I have to pay off. + +I was in the midst of creating a budget to tackle this in a smart, detailed manner but yesterday my car was towed by my university because of citations received on it that were unbeknownst to me because my sister had accumulated a great deal of them. Now they will not release my car to me until I pay off the citations as well as the towing fee, which totals out to $376. I only possess about $200 at the moment and have no idea on how to continue forward without begging family members for any amount of money, which I truly want to avoid because they already provide me so much for various other expenses that a college regularly accumulate. If there is any advice you all can offer me it would be greatly appreciated. I just did not know where else to turn. + + +Edit: Thank you all so much for the advice and replies. This is my first reddit post that has ever blown up like this and I finally understand why everyone says RIP to their inbox lol. Couldn't be more appreciative of the support and feedback provided, this is truly one of the best communities on here. + +For all those saying to have my sister pay for it all, I completely understand the sentiment but she didn't incur all of the citations, just a majority of them :) I'm sure 2 or 3 of them were my own doing. We have spoken and have agreed that she will gather some funds to help offset the costs for the citations and towing. + + +TLDR: Binance listed a new coin, it didn't work the way it should, delisted it and buyers are left with nothing. + +3 days ago Binance [listed GYEN](https://www.binance.com/en/support/announcement/0ef69e1d334c4d8c9ffbd088843bf2dd), a new stablecoin backed to the YEN currency. + +As soon as the token goes live, people buy in and price rises, which isn't supposed to happen to a stablecoin. Binance takes note of this and [suspends trading. +](https://www.binance.com/en/support/announcement/2291f02b964f45b195fd6d4685db80bb) + +From there on out, radio silence. Binance has delisted GYEN and holders who bought the token are left with way less or nothing as to what they bought into. + +No one speaks about this. It's quite worrisome how they can just keep silent and make people forget any of this happened. + +Just look at the amount of people commenting on their [twitter post,](https://twitter.com/binance/status/1392455328613208065) so many people just got rugged out of the blue, on a "safe" exchange. + +The reason I made this post is to make you remember that no matter the safe a exchange feels, they too can just shut you down and leave you with zero. +When 'actively managed' mutual funds bear a lot of similarity to a relevant index, they are called index huggers. + +Why pay 1% - 2.5% as charges when we can buy an index fund with .3-5%? +Sell all the active funds which are index huggers and move to index funds. + +[source] (https://www.valueresearchonline.com/story/h2_storyView.asp?str=33829) + +As per Bogle’s 3 fund portfolio one should divide their investments in 1) a domestic index 2) an international index and 3) a bond index. Let’s focus on the first 2 points for this argument. + +IMO this advice makes sense if seen through the lens of an investor in the US. But as an Indian investor, our domestic market is largely correlated with the international market. Am I really diversifying by splitting my equity investments 50-50 in the Indian and the US market? + +What are the arguments in favor of long-term passive investing in the Indian market? Why shouldn’t I go all in on the S&P 500? +Hi Redditors, + +I have been thinking of engaging a fee-only financial advisor for investments. I understand one needs to share personal/financial data about self to the advisor for financial planning. + +If you have engaged a financial advisor please can you share how your experience was? Were you asked for some info that made you uncomfortable sharing? + +Thanks +I do follow a lot of stock analysts and traders. Seems to be all gloom and doom with last few days of fall in share prices. + +Strangely I feel happy as its an opportunity. Wish it would fall a bit more.....nifty 10k - 10.5 K would make me happier. + +Who all were sitting on cash waiting for a correction and happy about it? +I am looking for a bank which provides such a service and there seems to be very less options. + +I know Kotak provides this service , but its functionalities are limited. For eg If I wish to add some more funds to the card that is not possible and I need create seperate card with updated amount. + +There are some providers like SBI , but they dont offer international transaction as per description on their site. + +Any suggestions for the same would be helpful! +Want to clean up the portfolio and want to make some sensible long term investments. + +Am I looking at the right parameters to evaluate whether the stock is worth investing or not? + +1. CMP +2. EPS +3. P/E +4. Industry P/E +5. Book value +6. P/B +7. Dividend yield +8. ROE +9. ROCE +10. Profit growth +11. D/E + +Which parameters should I add/remove from this list? + +&#x200B; + +How do you all determine whether to invest in a stock or not? +This has been on my mind for a few days now. I love reading about new cryptocurrencies, the latest trends, etc. but the constant *"to the moon!"* is annoying the living poop out of me. Everything and their grandma's underwear goes to the moon these days. + +The sentence may have held some value a while back but these days it just feels meaningless and makes every post seem like a scam. + +I can't be the only one that is annoyed by this. Please tell me I am not alone. +Some Apes said I should repost this comment from the RC tweet post. + +Hell Yeah RC!!! I've said it before and I will keep saying it as long as this crazy bastard keeps tweeting it!!! INJECT THAT SHIT STRAIGHT INTO MY VEINS!! + +Apes, Ryan has **everything** that someone would normally "want". He worked hard, built an awesome business, and made a fuckload of money. RC could just vibe for the rest of his beautiful life. + +DOES HE????? + +DOES HE!?!?!?!?!?!? + +Fuck no he doesn't. He goes after Wall St. He takes on BCG! He calls out the mother fucking FED!!! My guy has got a lot on the line, HE'S GOT IT ALL ON THE LINE. And he is straight up calling a spade a spade and 💩 a 💩! He is working not for **his perfect world** but for **OUR PERFECT WORLD** + +This is fucking leadership! Honestly, I think he is more pissed than I am... and quite frankly I'm impressed. + +They ruined my parents in '08. It crushed my dad. It fucked me over trying to get into the job market at that time. And what did the government do to punish them? Oh yeah, nothing! + +The FED and Wall St are fucking ruining our financial future. The are printing our currency out of fucking existence. Wall St, "Oh shit, umm our reckless derivative gambling is coming back around to fuck us in the ass! What should we do?" Also Wall St, "Print dollars until they are monopoly money and tie every person's hard earned pension to it! that way when it crashes nobody has anything and we can all get a bailout!" + +What about the housing market? What about that shit? People can't buy a fucking house! Rents are more expensive than what mortgage use to be. Banks could give two fly fucks less what they do with your money once you deposit it. They use that money to fund their favorite coke rat and their gambling problem. + +Oh, you built your assets on commercial real-estate? Can't have that go tits up, tell everyone that the job they could do from home has to be done in the office. More time with your kids and family? Fuck that, daddy needs his downtown skyscraper to appreciate in value or he can't afford his third family and his yacht's indoor lazy fucking river. Fuck you! + +Want people to be able to go to the doctor when they are sick? Fuck that! You have to have a job to get health insurance. "Well at least they are working so it won't be so expensive right? Got to encourage the poors some way!" Nah, fuck that. You have to pay to have insurance and then also pay additional money to use it. What the actual fuck? And you have special health, that's A FUCKING ELECTIVE apparently. Want to fix your teeth? Extra. Can't see shit? Extra. Oh got really sick with cancer? Extra. Need medicines THAT WE CAN MAKE FOR NEXT TO NOTHING? Extra. + +**Isn't funny that we heard that the banks were overleveraged 100:1 and RC is pointing out that they have printed 80% of all U.S. currency since 2020? Somebody is trying to print their way out of the shit hole they dug!** I see what you are saying RC! + +Ryan, I got you man. I will fucking follow you, Helm's mother fucking Deep style! I am your Haldir baby!! This is my ride or die moment of my life. TAKE MY MOTHER FUCKING ENERGY! Ryan has everything to lose, so when this shit moons and I finally have something to lose too I'm fucking paying Ryan back, and Imma hodl my shares forever! + +Remember they can't turn off the buy button if apes use **COMPUTER-FUCKING-SHARE!!!** + +DRS your shit, fuck those hedgies. I'm not selling until.... Fuck that. I'm not selling. Let's Fucking Go APES! Ryan just sounded The Horn of the Helm!! Which one of you motherfuckers is Gandalf? + +See you motherfuckers in the metaverse! + +🦍🦍🦍🚀🚀🚀🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🌝🌝🌝🌝⛏⛏⛏🧱🧱🧱 +You can have multiple post office boxes in other towns, unique usernames, unique single use emails, strong passwords, even a phone password set up. But none of that matters if the phone rep doesn't go through or isn't required to go through all the protocols. In spite of having a verbal password, fraud alerts, etc set up on my account someone was still able to talk their way into changing the phone number, address and email on my account. They were then able to reset the password. Luckily I have alerts turned on so I was able to react IMMEDIATELY and lock the accounts. It still took literally THREE HOURS of phone calls, being transferred, talking to representatives, etc to get it all back "secured" and even then I'm still not convinced the scammer will be thwarted in the future. All the identity theft/bank info focuses on what you the individual must do to secure accounts but in reality it's the financial institution that's the weak link. Someone's credit card number or birth date or mother's maiden name ARE NOT SECURE pieces of information!!! + +&#x200B; + +And even though they claim phone calls are recorded, apparently there's no way to get a human to actual review the recording or any information about where the security hole is to plug it. + +&#x200B; + +There's also no way to escalate or call attention to the issue beyond them just resetting the accounts and sending replacement cards. Even though chase spent 600 billon on cybersecurity apparently none of that went to training the phone representatives not to just change information online. You can't lock the account so any changes need to be done in person and show ID. I can't believe in 2021 my financial well being still is dependent on someone knowing my zip code and birthdate. + +&#x200B; + +And (thankfully) since I stopped them before any money was taken, it's not a priority for them because there's no financial loss. + +&#x200B; + +I'm at a total loss what to do other than give up all my credit and credit history I've built up over my life. I feel defeated. + +&#x200B; + +Posting this so people are aware that the vulnerability might not be on their side and also in case anyone has advice for what more I could do. (Although I'm literally beside myself on what other protocols I could put into place.) It's SHOCKING how much information phone reps give away. When calling AmEx, they volunteered which types of cards I had AND the name of the authorized user without any verification even though I also supposedly have additional verbal password set up on that account too. + +&#x200B; + +I just wish phone support could be entirely disabled. + + +“*But, gentlemen of the jury, the good craftsmen seemed to me to have the same fault as the poets: each of them, because of his success at his craft, thought himself very wise in other most important pursuits, and this error of theirs overshadowed the wisdom they had, so that I asked myself, on behalf of the oracle, whether I should prefer to be as I am, with neither their wisdom nor their ignorance, or to have both. The answer I gave myself and the Oracle was that it was to my advantage to be as I am.*” + +\--- + +Before I give up the goods, I’m going to open with a relevant excerpt below from Dr. Trimbath’s book: ***Naked, Short and Greedy: Wall Street's Failure to Deliver***. + +&#x200B; + +https://preview.redd.it/8expfh069cv81.jpg?width=608&format=pjpg&auto=webp&s=bede916bcbc1ce4f8376722fecf6c969e8980d51 + +We’ve come quite a ways from the days of Duckduckgoing ‘how to buy gamestop stock’, and throughout our journey I’ve been often reminded of this explainer from the opening pages of her book. What I’d like to do now is to illustrate in this context what I personally interpret Boston Consulting Group’s role to be in this saga. This will just be the opinion I’ve reached myself after absorbing the full SuperStonk program thus far. Feel free to leave feedback if I’m off base here. + +\--- + +Without trying to link to all the separate 'Due Dilligence's that have helped combine to describe this particular fraudster elephant, (because that’s likely a Herculean effort in it of itself), I will try to summarize the thievery we’ve discovered as I understand it: + +**Before Ryan Cohen, Gamestop Corporation’s board was commandeered by bad actors that purposefully made poor decisions, or no active decisions in many cases that warranted it, in an attempt to guide the company towards the final precipice. These board members were not solo operatives, but were in fact, cohorts in deception with consultants they hired from the Boston Consulting Group (BCG), who also gave bad advice and overcharged in an attempt to be fiscally ruinous. And in turn, Wallstreet, and their many tentacles that have invaded MSM, worked in concert to trash the company’s reputation and simultaneously drive down their share price through naked shorting the stock in egregious excess. Excess beyond even the total free float of shares in existence. The naked shorting being an obligation that dissipates once the tanked company goes under and its stock is subsequently delisted.** + +I don’t believe we should stop looking into BCG at all. They are the contemptible hoodlums trying to damage **OUR** company. The ones, this very moment, expecting payment for shooting us in the chest. We should help our company by continuing to crowd-source diligence that could be useful. + +But after researching for this post, I’ve come to the conclusion that the corruption also extends to many more consulting firms than just BCG. It's wide-spread. And if predatory, disreputable consulting firms are one piece of the fraud puzzle at hand, then that makes BCG just part of that puzzle piece. Maybe one of the most corrupted parts though. + +https://preview.redd.it/1b8e1to6acv81.jpg?width=1600&format=pjpg&auto=webp&s=1aace6a962ea464bf6400c5877e09dd05e4e0585 + +But do you know what’s been bugging me as the biggest problem with this fraudulent disgrace for a free market with the given considerations considered? + +If Wallstreet can make a momentous killing by shorting an ailing company into the Earth, and then never answering for those short obligations, then what’s to stop them from helping any distressed company on out the door in this fashion? What’s to stop them from doing this constantly all over? From considering themselves corporate gods meant to decide who wins and loses? I’d surmise, based on the vigor they’ve displayed with attacking GME, that we weren’t the first case of excessive naked shorts, and that they’ve been confidently shorting and rehypothecating away like old pros for some time now. But there must be glaring evidence elsewhere then if this were the case. Right? Evidence of the entire crime orchestra rocking the house, and playing their individual parts as we’ve come to understand them? + +And so, I bring your attention to what might be the best running contender for ‘crime of the century’. The tragic story of General Motor’s spinoff: **Delphi Automotive**. + +\--- + +This research began because I noticed this was an infamous bankruptcy case, and it ended up [in the stock being delisted](https://www.sec.gov/rules/delist/34-52770.htm). Hmmmmmmmmmm. + +I'm trying to walk the line between a balance of keeping this digestible and succinct, as well as not doing the victims of Delphi an injustice by breezing through the tale too quickly. Because as tax-payers, you and I are victims in this one too. Like usual. + +Allow me to introduce you briefly to the company before we dive into the thievery and grifting analogous to our own stock. + +**Who were they?** + +(From Company-Histories-com) + + **Public Company** + **Incorporated:** 1998 + **Employees:** 211,000 + **Sales:** $29.14 billion (2000) + **Stock Exchanges:** New York + **Ticker Symbol:** DPH + + **Key Dates:** + **1888:** Delphi Auto's earliest predecessor is founded. + **1991:** GM organizes parts holdings into Automotive Components Group. + **1992:** J.T. Battenberg, III, takes the helm at ACG. + **1995:** ACG is renamed Delphi Automotive. + **1996:** Delphi institutes lean manufacturing practices. + **1997:** GM's Delco Electronics is transferred to Delphi. + **1999:** Delphi is spun off from GM. + **2001:** Delphi plans to cut 5.5 percent of workforce (11,500 jobs). + +**Company History:** + +Delphi Automotive Systems Corporation is the world's largest and most diversified manufacturer of automobile components. It was spun off in the mid-1990s from the world's largest manufacturer of automobiles, ***General Motors (GM), which still accounted for 70 percent of its business in 2000***, although it counts all of the world's manufacturers of light vehicles among its clients. The vast enterprise, occupying 190 factories in 31 countries, claims an invention a day, a new product or process every week. Sixty percent of the company's workforce is based outside North America. + +\* + +I also particularly liked this law professor's [piece](https://digitalcommons.law.scu.edu/facpubs/484/), that I found in the University of Santa Clara Law Digital Commons called: **The Delphi 'Bankruptcy': The Continuation of Class War** +**by Other Means**. He managed to distill an excellent summary. Here's an excerpt: + +https://preview.redd.it/8djghjwxmcv81.jpg?width=629&format=pjpg&auto=webp&s=e661597ce1bcc9c03cf469c16b155ce8f2993776 + +Okay, boring but significant history out of the way. If I haven't lost you yet, then here's the nitty-gritty of what a mountain-worth of digging and saving PDF's has culminated in: + +# To avoid pension obligations (as well as to score huge kick-backs for a select few) GM spun off Delphi Automotive with the purpose of going bankrupt. Bought and paid for actors in GM, the UAW (United Auto Workers), and Delphi all colluded to pillage and drain as much value as possible from the company, and sell off the assets and leftovers to Wallstreet. They used Chapter 11 Bankruptcy as the means to pass on the pension obligations onto the American public through the Pension Benefit Guaranty Corp. + + +General Motors installed one of their own, J.T. Battenberg III, to be CEO and he built his board with at least 9 outsiders. Considered a ground-breaking team at the time (they got gassed up in the media, to sell more stock that was later tanked) this in fact ended up being an intentionally awful team that lied about the company's financials to investors and was hit with an [investigation by the SEC](https://www.sec.gov/news/press/2006/2006-183.htm) that led to the resignation of many key figures including the CEO, Battenberg, and CFO, Alan S. Dawes. + + +[EZI has partnered with BCG on multiple projects over the years.. ..](https://preview.redd.it/ni33ne3hqcv81.jpg?width=557&format=pjpg&auto=webp&s=d280feca8d5714f0fe038b3bdae5cf319273bb6b) + +This board had plenty of schemes. + +[Is this the \\"Smart Money\\"?](https://preview.redd.it/j3sog1szxcv81.png?width=1122&format=png&auto=webp&s=a0ba7d50f9e19782c7e9c981af3aa2c05009135d) + +Once the old board was caught lying and steering the company into ruin, they then picked out a new board to replace themselves and then promptly resigned. Lovely right? And guess who replaced them? Bankruptcy extraordinaire, **Robert Steven "Steve" Miller**, also known as 'The Terminator' and 'The Hatchet'. + +[Also from referenced SCU piece](https://preview.redd.it/rw7u2l50vcv81.jpg?width=780&format=pjpg&auto=webp&s=6da120f5f113e76b11861821d759e80f2675152b) + +# Another compelling, corroborating take on Miller: + +https://preview.redd.it/ii5fwwvx4dv81.jpg?width=816&format=pjpg&auto=webp&s=f042233a36898c18c19f3878fde0bb1b352c256f + +https://preview.redd.it/sphukwvx4dv81.jpg?width=1700&format=pjpg&auto=webp&s=ac4980bbab44534bc3859548681987c9ed306d03 + +https://preview.redd.it/qywehawx4dv81.jpg?width=816&format=pjpg&auto=webp&s=efdf4784f9e4f436aea60b6520a4030fb81d752f + +https://preview.redd.it/111dswvx4dv81.jpg?width=816&format=pjpg&auto=webp&s=0fb7e9c38cc697ed1c076ee6ece198e53681e1d8 + +https://preview.redd.it/1t2tpyvx4dv81.jpg?width=1699&format=pjpg&auto=webp&s=bfe9d5f8cb49f49f55b143e2c470dc37816df590 + +\--- + +I almost made this post last weekend, but then I stumbled onto the revealing book: **Autoworkers Under the Gun,** by labor activist Gregg Shotwell. He worked manufacturing for GM on the groundfloor and witnessed and fought against the crimes perpetrated throughout the entire saga. I didn't get far into his book before realizing it was a vital resource, and by posting before I had finished it I risked missing an opportunity to feel up a new mysterious angle of the elephant. + +Reading Mr. Shotwell's chronicles shook me. His voice was humorous and familiar, but the tale was sad. I will gladly risk any credibility I possess by vouching that he is just as Ape as any Ape here in SuperStonk. Here's how he feels about Steve Miller: (the sample from his book is for educational purposes like all my samples): + +https://preview.redd.it/2y3xqbpfxcv81.png?width=2300&format=png&auto=webp&s=e486bf980a91e2cc338bd9645a6ed6e5e46347e4 + +He fought hard and rallied many others. He had a website and organized picketing and strike events, and so much more. With the help of the Wayback Machine I found many entries on his now dead website soldiersforsolidarity. + +&#x200B; + +https://preview.redd.it/89cv7lvjycv81.jpg?width=4327&format=pjpg&auto=webp&s=67dbc64d5b6f1a646221e7da5665da101ebf3f2e + +https://preview.redd.it/677xo0skycv81.jpg?width=1199&format=pjpg&auto=webp&s=ab4e967aacbbb51a3b769786917474c8e7409c35 + +# I'd like to review what we're looking for with this post before we get lost in the Delphi weeds so to speak here. Bad board? Check. Bad consultants? Also check. Here's the Detroit Insider on that: + +https://preview.redd.it/esj8vbx6zcv81.jpg?width=3128&format=pjpg&auto=webp&s=e969e0961ba6e0c1b5d7c39e7e0dbea4140cc425 + +https://preview.redd.it/x3131u18zcv81.jpg?width=566&format=pjpg&auto=webp&s=0029eaad8115cf2a3c22cd104efb5c541e6a1939 + +https://preview.redd.it/t303ieu8zcv81.jpg?width=559&format=pjpg&auto=webp&s=9b6b3b1844cd78a962f0909e0b64673af21bc80d + +https://preview.redd.it/dae1l5gazcv81.jpg?width=658&format=pjpg&auto=webp&s=df9a20056f80f3c17c761f867281ff5f613d45c3 + +# Negative interference from Wallstreet? Check. Mr. Shotwell has us covered on that too: + +https://preview.redd.it/fcraxouj0dv81.jpg?width=690&format=pjpg&auto=webp&s=87141bc66cfa1a58e026c136f6bfeea95665266a + +Mr. Girsky also was on the board at Nikola Corp. You know, the one that was caught frauding investors recently? + +Did GM's stock also get delisted in 2009? [Delisted, yeah.](https://money.cnn.com/2010/11/17/news/companies/gm_ipo_pricing/index.htm) + +Also look! BCG helped out! + +https://preview.redd.it/zytdudhf2dv81.jpg?width=1700&format=pjpg&auto=webp&s=b3f52ca7c53647e0e274fc2dcdb013f31bd8014e + +# I have so, so much more on this story, but this is already running long. And I've reached my max picture limit. I can't wait to hit post and have to add all the pictures back when automod rejects this in a moment for one reason or another... .... + +One last fun read for you that ties Mitt Romney and Bain Capital into this mess too. [Here's the article.](https://www.thenation.com/article/archive/mitt-romneys-bailout-bonanza/) + +Also a fun little tie into Koch Industries in that article as well (haven't forgotten about you, Charles) + +\--- + +**I had intended to make a second post that explored where the grifters went next after pillaging Delphi and her workers. But after some hesitation.. I've decided to just give a sneak-peek of what kind of red-yarn littered post that would be like here below, and if there is interest in the comments, then I'll go ahead with the write-up.** + +**Example**: I can connect this whole saga to GME with one long piece of yarn through the disgraced ex-CFO, Alan S. Dawes. + +Look up just about any of the companies he served on the board for, and you'll see they went bankrupt. Let's look at one called **Nine Point Energy LLC**. for giggles: Yup, bankrupted with Mr. Dawes onboard. Chapter 11. +Also on Nine Point's board is a **Patrick Bartels Jr.** of Invesco. You know, the guys with the Invesco QQQ Trust 1 or whatever, that Citadel Advisors is balls deep in? The same Invesco that the previous CEO Richard Wagoner of GM (yep the same pre-big federal bailout GM we just read about) is on their board as well. + + +**TLDR:** Our fight is not new. The playbook used against us has been refined and tuned for some time. But we have leverage that Mr. Shotwell of the auto industry did not. They **WERE** the means of production in their fight, they were the leverage, and that made striking so useful in the way of getting workers their fair share. But all GM and Delphi had to do was lock the workers out of decisions, pander and grandstand with lies to distract them, deploy careful legal footwork with chapter 11 abuse, and move the means of production out of country. They lost their leverage. + + +Our DRS'd shares are our leverage, and don't you let them go for anything under fair price (refer to [gmefloor.com](https://gmefloor.com)) We will not have another chance at this. Be strong for those that came before us, for yourself, and those that come after. +Quick tip to new traders who may be struggling. Narrow down the pairs you’re monitoring to just one currency pair. Watch that one pair like a hawk for a week or 2 and learn the idiosyncrasies and characteristics of that market. Research what drives this market and figure out what it’s correlated to. + +Don’t make the mistake of thinking that just because a chart pattern works on one pair, it will work on all pairs. Different currency pairs behave differently with regards to price action. My breakthroughs all began once I realized this and decided to focus on a single market for an extended period of time, becoming intimately familiar with that market allows you to develop an intuitive feel for its movement. + +Hope this helps :) +I spent thousands of dollars and came to the same conclusion many of you are coming to. + + +Robots dont work. + +&#x200B; + +If someone invented a robot that made tens of thousands of dollar per month while you sit on your ass, why the fuck would they sell that and saturate the market with thousands of people making the same trade and destroy the system????? + + +Use logic people. +Hi everyone, + +Longtime lurker. I’m far from FIRE myself — we own a home in a HCOL area, we travel all the time, we’re planning to have a bunch of kids, and we love our jobs so aren’t focused on RE — but some of the guidelines and discussions are really helpful as we become more intentional about saving. + +I had a realization yesterday (after a party we hosted, naturally) that I wanted to share and maybe discuss with you all. We love our friends and love how much we get to hang out with them, but we’ve noticed that our restaurant and grocery budgets are anywhere from 150% to 200% (yes, double) what they otherwise would be if it were just us! Check it out: + +Groceries: + +We absolutely love hosting people. We do BBQs, dinners, beer nights, wine nights, you name it, plus 2 bigger parties per year. + +After reviewing our food expenses over the last few months, we’ve realized just how much hosting eats into our budget. Our grocery bills in recent months have been around 30% higher than they otherwise would be. Sure we do potlucks and our friends bring stuff, but just the initial “setup” costs are surprisingly high. The larger parties are up to $1000 each, even with everything from Costco (to be clear, this is just for those 2 big parties, but I know it’s still really high). We love being party people, but we’ve clearly gone overboard! + +Restaurants: + +Birthdays, engagements, promotions, happy hours...these things add up like crazy. My husband and I realized we actually don’t really “go out to eat” much at all. We meal prep most days and love to cook, so nights spent at restaurants are rare. ...Unless we’re with friends to celebrate something. More than 50% of our restaurant budget this summer was because of birthday drinks, celebratory dinners, book club get-togethers, and the like. The real issue here was that because we go out so rarely (and never to fancy/fine dining establishments), we had sort of convinced ourselves that our restaurant budget was no big deal. + +Visiting people: + +We live in New England, which means lots of fun roadtrip destinations. We’re regularly out of town 2x a month, and because we’re away from home we are usually getting food out. Of course, our friends and family like to show us around cool places (restaurants, breweries) in their area, so we spend there as well. Yikes! + + +I know this probably seems obvious to some of you, but realizing the *social* effects on our food budget alone has been really eye-opening. We’re working on ways to cut down on spending while still preserving our social commitments, but I’d love to hear from anyone else who has made a sneaky realization like this (AKA a budget item that was way larger than you thought because of an indirect or unexpected cause). Having grown up with parents who always had people around, I’ve really normalized the hostess mentality, and I think that is in some ways in direct opposition to an effective FIRE journey. Really working on finding middle ground! +Numbers are approximate. + +My wife had a scheduled routine c-section. We went through all the proper channels and have good health insurance. The hospital had us make a down payment a week before the c-section of about $2800. We knew it was going to cost about this much, and we had the money so we paid it. C-section went well. Our baby is healthy, everything's great. + +A few weeks later we get three bills: $1300 from the hospital, $1700 from the insurance company for the baby, $2300 from the insurance company for my wife. None of which mentioned my down payment. I called my health insurance and the hospital to get answers. + +My wife has her own insurance, and we added the baby to hers. Apparently, if the baby and the mother leave the hospital at the same time, all the hospital charges go towards the mother's individual deductible and out-of-pocket maximum ($1500/$3500), not the family out-of-pocket maximum($3000/$7000). We have paid about $1500 for my wife's medical expense in this calendar year. Meaning that the down payment I paid the hospital would easily cover the out-of-pocket maximum of $3500. I should be getting a refund. So why am I getting more bills? + +In the end, my insurance admitted their mistake and are currently going through all of it. I expect more time and phone calls to get it all straight, but I expect to actually get money back from that down payment. If I just paid the bills at face values, that's $5300 plus a refund that would have been lost. + +Lesson: Don't just trust the insurance and hospital billing at face value. Understand you insurance. Have someone explain it to you. This stuff is complicated even for the people working in the field. This was a routine scheduled c-section and they still royally fucked it up at my expense. Don't let it happen to you. +I've had this bookmarked for a long time as my go to reference for the next time the market drops dramatically, for inspiration to not make short term selling decisions and stick to long term goals no matter how bad it gets, or what the market might throw at us. + +Now's that time, maybe you'll find it useful too? + +https://www.bogleheads.org/forum/viewtopic.php?t=25126 + +For context this was posted at the tail end of 2008 when it must have seemed like there was truly no end in sight. It's interesting to see even the most rational and sensible investors starting to question themselves, the sense of fear is palpable. + +We get a lot of revisionist 2008 experts but what I like about this discussion in particular is how it's unadulterated by the benefit of hindsight. +One of my friends was saying Delta is the % chance an option goes ITM. + +So if I'm selling CSP with 20 delta, is there a 20% chance it goes ITM? + +Thanks in advance. +Been both wheeling and buying .93 delta leap calls on carnival, royal carribean, American Airlines and United. Not sure why I don’t hear more about them over in here but they have been very consistent. I’ve been consistently selling ATM puts with 7dte. Most have only partially recovered from their March 2020 lows so the overall sentiment is bullish. Premiums are also spectacular. These are solid companies and they are not fucking MEME shit. I figured turn you guys onto them. Go check out the charts and premiums for yourself. Just a tip. Enjoy +Title says it all. I have been using ToS for about a year now and wondering if it is worth switching to tasty works or staying with ToS. On the options side of things I mostly just do the wheel with an occasional credit spread. + +Edit: thank you everyone for your insight and opinions. At the end of the day I will probably open a second account and leave money in both for a little bit and see what I like best. +I went back and looked at the full tape from today's trading session on E\*Trade and noticed there were 76 consecutive trades all within 15 seconds in which there was ZERO difference in execution price from one trade to the next. Every one of the trades went off at $182.79. The highlighted rows in the image show all of those trades and they are bookended with a few trades before and after for some additional context. + +We see it happen again at the exact same price at 9:42AM, all within the same second. Now I am not an expert in this stuff, so feel free to tell me this is normal trading behavior but when I look at the rest of the tape, I see nothing of this magnitude for the rest of the day. Something says this ain't normal. Have a look for yourselves. + +\*\* title should say from 9:37:42 through 9:37:57 + +&#x200B; + +https://preview.redd.it/9p0f75a6efq81.jpg?width=1250&format=pjpg&auto=webp&s=0fe4e966d4e137a99b40bd3cca4a9d2678a25218 +I have a pre 2012 student loan and I know the conventional wisdom is do not repay your student loan early. However I have about a year and a half of payments left (5.6k total) and could pay it off with a quarter of my savings. It is also far and away the most expensive debt I have, now that the bank of England is raising interest rates. Student loan 3.25%, mortgage 1.5% for the next 4.5 years, and car at 2.5%. + +Once I pay off my student loan I would put 1/3 of the monthly payments into my pension making 20% back due to the tax relief, a 1/3 into the mortgage hedging against rate rises in the future and the rest into my general savings/fun money. + +This is clearly a nice problem to be having, but all advice online is, never repay it early. + +In terms of emergency funds I would have enough to get by for quite a while if I lost my job after paying off the loan as I have overpayments on my mortgage that I can draw down from and unemployment insurance on top of savings. Haven't done the exact math but a year would be doable. +Exactly what the title says, I'm under the impression we are supposed to hear a big announcement from Loopring, hopefully the partnership with GameStop for the NFT marketplace. + +Just curious if this is correct as I'm not seeing any posts regarding anticipation of such big news. +About an hour ago, I finished my business and finance exam. In this course, the main takeaway was how much to value a firm, profitability of taking on a project, and learning about prices of the firm on the stock market (through EPS, book value, etc.). While taking the exam, a thought occurred to me. + +&#x200B; + +***Why exactly am I studying this?*** + +&#x200B; + +To be exact, why exactly am I studying how to value a firm, and how the valuation of a firm affects it's stock market price and dividends, when the top 0.1% can simply manipulate the value of a firm's stock? + +What would be the point of saying that a medical firm on the verge of releasing some cure for cancer and showing great financial accounts is doing extremely well, just for HFs to come and short the shit out of its stock into bankruptcy? + +What would be the point of working for a company that is small but having great results but on the other hand, a HF putting artificial buying pressure on a much bigger company with not so great results? + +For the rest of my life, I can guarantee the answer to every question I have will be somewhere along the lines of power and greed. + +What I have learned in my bachelors degree so far is that without manipulation, things that are happening right now, should be happening differently. And it is sad to see that the majority of my classmates are unaware of this. Studying this degree only seems to actually prove useful in a non-existent society where the ultra wealthy do not take advantage of the systems made for society. This is why we need a market reset. To bring everyone as close to the same level as possible. And to finally make the world aware of how much fuckery has been going on since the start of time. + +Thanks for coming to my TED talk. +I was surprised by the amount of people asking: ‘how do I store my bitcoin on my USB?’ or ‘How do I get my crypto off the network?’. Basically, you can not do that. Here is how it works : + +Crypto never leaves the network on which they are. You can not physically store Bitcoin or any crypto on a USB, You can not store Bitcoin (or any crypto) on any device. Every crypto stays on its network. + +Ok. So how does it work? + +If you buy a crypto, the first thing that you want to do is to put it in your wallet. To create a wallet, you need first to create your private key (the one that you should never give away). And this private key will generate an address on the network. Then, you can put your funds on this address, (thus, in your wallet). Hence, despite being in your wallet, at the end, the funds are (and will always stay) on the crypto-network, on your address. So, basically, a wallet is just a software, a window allowing you to communicate and interact with your address (and, with your funds on the network). + +With every crypto, everyone can see your funds. You just need a simple address. Go check by yourself on BTC explorer for instance: you can check everyone's funds! But, except checking someone's funds, there is not that much that you can do. Why? Because to control the funds, you need the key. + +Remember the wallet, this piece of software which allows you to interact with your address? To access it, you need the private key. The private key unlocks the address and allows you to send the funds. + +Think about it like your house: everyone can know your home address, where you live, They can see your house (from outside). Does it mean that I can enter in and get access to what’s inside? No! For that, they need the key. And it's the same for every surrounding house. + +A crypto network is like a town with many houses, each of those houses containing more or less furniture. And, you can only move furniture from one house to another. You can not leave the furniture in the street and you can not store those furniture on a USB. It doesn’t make any sense! The furnitures have to be inside a given house. + +And, the only way to move furniture from one house to another is to have the key to a particular house, unlock it, and use special guys called miners to send your stuff from house A to house B. + +You then understand that in order to control the funds, you need the private key. And this is what people store on their USB, paper wallet or Ledger device : THEIR PRIVATE KEY. And, If right now, I could get access to your private key (no matter where I'm in the world), I could hypothetically use this key (your key!) to log on the wallet and get access to all your funds. Exactly like if you give me your password from your bank account or the key to your house. + +Ok great... But what about hard wallets? + +Each crypto requires to install a wallet (and thus to further create Private key). So, if you start to diversify (like most of us) and end up with 25 different cryptos, it will quickly become a burden to safely store all of those different keys...Also, leaving your private key unprotected on your computer or typing it on a computer connected to internet is dangerous. Hackers might be able to see what you are doing and thus, steal your key. This is where hard wallet such as Ledger Nano or Trezor come into play. + +A Hard wallet safely store all your keys and will never let them touch the internet. It requires you (more accurately, your little fingers) to push physical buttons on the Ledger. No hacker can hack your hands. It also automatically manages all your private keys. Indeed, it randomly\* generates a MASTER KEY. \*\*\*TAKE A DARK VOICE \*\*\* : A MASTER KEY TO RULL THEM ALL... which will be used to create all the private keys for your coins. This is a 24 words sequence that you need to store safely. This is the key to all your private keys. If your Ledger get destroyed, buy a new one and enter those 24 words. It will regenerate all your crypto private keys that offer you control on your assets. + +\* Random*? Yes, because it is important to know that computers can not generate random stuff (a computer doesn’t have a will and it’s everything but random). So basically, they can’t pick random numbers. Then, how the Ledger does generate a random key? Simply put : when you first switch it on, it will capture the electric noise inside itself and it will put a huuuuge number on this value. This number will be used to create the master key (those 24 words). Because the electric noise is extremely variable and will never be the same ever, your master key will be unique and ‘randomly generated’. So, basically, your 24 words are the representation of the electric noise signature that was captured when the ledger was first switched on. No one will never be able to guess it or generate the same. + +And I will repeat this point : to control the ledger (so the master key and the associated funds), you need to push physical buttons on it. No hacker can hack that because you need a physical finger to push it. You can not hack the finger of someone to push a button! So, it’s ultra safe. + +So, what are the worst things that can happen? First : your ledger get destroyed and you didn’t properly back up your 24 words. Then your funds are lost. Second : The Ledger company gets hacked (what happened few months ago). Hackers will never get access to your master key (cause as I said, it was ‘randomly generated’ when the hard wallet was first switched on and the Ledger company doesn't know it). But they will have access to some of your personal infos : name, address, email etc. So at best, you will receive phishing email. Never give your key to anyone. Ledger will never ask for your key. At worst, people might break into your house to steal your 24 words. So store your key safely! + +I hope this helps to clarify things for newcomers. + +TL;DR : If you are new, you should take 5min to read that. If you are an advanced crypto user : go on your way :) + +Edit : Syntax and typos. Sorry for that :s +Maybe this isn't an original idea, but I always dreaded the "3-6 month emergency fund" suggestion because it always felt like a pipe dream. I'm a grad student and my husband works minimum wage to support us, and things have been tight for a long time. + +But I realized the other day that we have a ghetto version of a 3-6 month emergency fund! So I thought I'd share what we've done. As a disclaimer, I know this isn't ideal. But it's realistic and it works. + +The first step is making a budget. Include all expenses for the year, including annuals such as car registration, renters insurance, gifts for all occassions, etc. We also budget car maintenance, dog vet visits, etc. That's a different post, and there's plenty of suggestions around here. + +Step two is to adjust your budget to include the maximum you can expect to spend in a month on an bill. For example, our winter electric bill is highest at $90/month, so we set our monthly budget at that point. Another example is we still have our gas budget set as though gas were $4/gallon even though it's less than $2 where we live. + +The next step is to use the envelope system / ally savings account system to roll over the extras each month. We have a "utilities" savings account where we put all of our left over money from our electric bill. We have an envelope with cash for our car gas. Although it's taken a year and a half, we now have about $600 saved in our utilities account which is actually more than 6 months savings! For gas we have about $200! We also keep shoveling away our "car maintenance" and "vet visit" money into respective savings accounts which have built up enough money for at least two normal trips to each place. + +We do the same thing with our car payment. I know none of this is "ideal" (even having a car payment) but it works for us. My husband gets paid every 2 weeks, so we pay half a car payment every paycheck. On the months he gets three paychecks, we still make that payment. And because we're feeling good about saving in other bill areas, we add that extra money to our car payment. We're 2.5 months "ahead" on our car payment which is great in case something happens. + +The biggest obstacle has been rent, because it's expensive. All of our "windfall" money (tax returns mostly) goes into a "rent" savings account. It's a slow build, but we'll keep pushing. + +I hope this post is encouraging for fellow poor people. We're fortunate because we don't have kids, but we've also been dumb and have a car payment, dogs, cell phones, etc on minimum wage. If we can do it, you can do it too! + +Edit: I forgot to mention this other piece: we budget "household items" and spend that money entirely every month. If we don't have anything urgent to buy, we buy an extra thing of toilet paper, laundry detergent, etc. This way we have a stockpile and we can be flexible if money needs to go elsewhere. +Im not looking to get rich quick (although that would be fantastic). Ive came across ETFs and figured i would just dump all my money into them every month. Specifically SPY. If the markets continue to grow and businesses do well, wouldn't i be fairly wealthy in like 30 years? It seems unreal and i wonder why doing this isnt part of our culture. I feel like we should share our successes and failures in the stock market with our kids. Teach em young type shit. Half the people my age dont even understand the stock market. My mom even doesnt. Anyways, are ETFs the move? I might invest in some companies i trust, like apple, amazon, alibaba, and a few others, but i would like to have ETFs as my main money grower. Is this the way to go? + +I'll be investing at least $200 a month until i can get a better job or more hours. +1. US supreme court dealt a blow to the court case for Fannie Mae and Freddie Mac investors in their challenge to the governments collection of 100 billion in profits from GSE’s (Government Sponsored Enterprises). + 1. Threw out a big part of the investor’s lawsuit. Rejected the claim the Federal Housing Finance Agency exceeded its authority under federal law. + 1. Implications-The profitability of owning the assets from GSE’s involved in mortgages has been substantially reduced. This is likely the cause for the dumping of the assets they back. + 2. Court said investors might be able to win damages on a separate claim where some payments under the profit sweep (mentioned in point 1) were illegal because the FHFA director was protected from being fired by the President. + 1. Likely not going to happen. Justices said they wouldn’t use the claim to toss out the entire profit sweep. Some losses are likely unrecoverable and will cause more investors to sell their holdings. + 3. The Supreme Court sent the case back to the lower courts, where they will have to prove any damages made by the recent ruling. +2. Impacted Firms + 1. Paulson & Co. + 2. Pershing Square Capital Management + 3. Fairholme Funds Inc. +3. The ruling means President Biden will be able to get rid of Mark Calabria, the FHFA director. + 1. Implications-Cause more instability on the secondary market for MBS (mortgage backed securities) and CMBS (commercial mortgage backed securities) +4. Implications For MOASS + 1. Collateral for over levered hedge funds, market makers, and other institutions involved in the reverse repo market have lost a significant amount of value. + 2. Combination with recent rule changes may lead to margin calls and the inability to meet them with cash infusions. + +Just some initial thoughts. If anyone wants to expand on this and add their own view, I'd be interested to hear your take on all of this. +Hey friends. The market is green AF and the majority of the biopharm pennies are running right now. I’m sure most of you have noticed this. + +Almost all the previously $1 range or even sub $1 pennies discussed on r/pennystocks over the last month are running. A lot of them are running hard. Many seem to be doing so without catalysts. + +So, what’s happening? I think at the moment we are living in a biopharm penny bubble. My guess is it’s a combination of the very green market, the trillion dollar stimulus on the horizon, OCGN (an OG r/pennystocks play) making such a stellar run and people still feeling the GME buzz and thinking that reddit hype is driving stocks. + +It is always important to do DD. But now more than ever, I wouldn’t jump into anything that has made a huge run in the last 24 hours without some extremely solid DD. You may get left holding some heavy bags. + +I would love to hear what others think about this, but I feel a cool off coming. I think a lot of these gains are unlikely to hold until next week. Especially those running without catalysts and getting sympathy runs. + +I’m predicting some juicy offerings this week and a massive penny sell off on Friday before the end of afterhours trading. At least, more offerings and sell offs than usual 😂 +I have a bad habit of spending ‘extra' money on things I want and quite frankly I really don't have extra money since I’m not saving anything. I'm trying an all-out spending freeze for a couple of months. Literally, just pay for essential stuff and if there’s any left put it in savings. I need to re-establish my relationship with money and not rely on spending to feel happy or run to it when I’m bored. Has anyone tried something similar? +Here recently, my father and I both bank at Chase and our 401ks are through Fidelity. We have our assets listed on chase. (what we own, don't own). We have been called THREE times this week by chase asking if we'd like to set up annuities. Basically give our money to the insurance fund and they pay us lifetime payments. Is this a way banks are trying to raise capital and liquidity? Help a smooth brain out over here. Any feedback is welcome. + +&#x200B; + +Edit: Adding this from Comment sections for attention as well if anyone knows the answer. + +So, the hedgefund shit I can understand. Hedgefunds use prime brokers. Largest prime brokers are JP Morgan, Goldman Sachs, Citi, and I believe Bank of America. All have sold masssssive bonds in the past few weeks. All have crazy activity. It would be nice to know whos prime broker for Citadel and Melvin. + +&#x200B; + +Edit: Patiently waiting for wrinkles. +&#x200B; + +https://preview.redd.it/3chjj7qm8op71.png?width=500&format=png&auto=webp&s=c82541059f14c468f8002ee528fadecf1761b226 + +&#x200B; + +**ADDITIONAL DISCLAIMER:** I am not a legal advisor, I do not have any legal training and as such have a pea-sized understanding of the law. (Mainly acquired from watching movies). + +The details in the post discuss an ongoing lawsuit and as such all statements referenced from this case are allegations until proven otherwise. + +All sources referenced in this post are public information and I do not claim the legitimacy of any evidence presented, merely an ape discussing the evidence available to us. + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank & The Most Efficient Way to Avoid Paying Taxes? (Onshore)** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Deregulation Agenda** + +BBC Part 16: **The Apollo Missions** \- [ Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +&#x200B; + +[A smooth Brain Look at the Housing Market.](https://www.reddit.com/r/Superstonk/comments/qfqiz8/a_smooth_brain_look_at_the_housing_market/) + +[A Smooth Brain Look At the Banks (Part 2)](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_look_at_the_banks_part_2/) + +\----------------------------------------------------------------------------------------------------------------------------------- + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +# January 2021 Short Squeeze Trading Litigation - Defendants’ Motion to Dismiss the Antitrust Tranche Complaint and Incorporated Memorandum of Law + +\- Basically… Hedgies attempt to get the case thrown out. + +[Source ](https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.408.0.pdf) + +To make this DD readable to everyone and so that I don’t get blamed for Boring Apes to death, I am not going to copy and paste entire sections. + +Instead, I will summarize and highlight specific points to be discussed. + +If you want specifics, feel free to read through the documents sourced in this post. + +**(Because I am summarizing and I am not a lawyer, many of my points are based on my opinion and thus should be taken as that).** + +# Let’s Look at their Argument + +PRELIMINARY STATEMENT + +The summary for the Hedgies defense, is basically that nothing like this has ever happened before and because of that… clearinghouses had to take drastic measures to protect the market. + +Each Broker then had to react to these measures which is why it **SEEMED** like they were acting in Unison… but because each broker reacted **SLIGHTLY** differently… it could not in fact have been a conspiracy. + +Weak argument IMO + +>*Clearing agencies (not named in this suit) imposed extraordinary capital requirements on brokerages, including defendants in this action, consistent with SEC regulations and designed to mitigate risk in volatile markets.* +> +>*The remaining Introducing Broker Defendants adopted restrictions that varied in scope, type and duration. Other brokers—not alleged to be part of the purported conspiracy—adopted restrictions that also differed from broker to broker in scope, type and duration.* + +\-- So, in my head I like to think of this Preliminary statement as a lawyer's opening remarks to the Jury **(Like you see in the movies)** + +So far, what we see is a carefully worded argument that tries to plant the seeds of doubt in our Jury/Judges mind. + +Trying to use LOGIC to say this is all conspiracy theories. + +They then proceed to attempt to discredit the Plaintiffs and Plaintiffs council, while pushing home the narrative that the defendants are the good guys and every broker was reacting to the unprecedented situation in their own way. (It's the markets fault, not theirs) + +>*One of the defendants in this case, Defendant Citadel Securities LLC, continued to facilitate the trading activity from its retail brokerage clients during the relevant time period without interruption or restriction every minute of January 28, 2021.* + +So because ShittyDell continued to facilitate trades during this **UNPRECEDENTED** turmoil, they must be genuine. They have **NO INCENTIVE** to manipulate the market. (Poor guys) + +\-- Just remember, that in the Plantiffs arguments, they specifically highlight Citadels incentive. + +**Point 1** \- Because Market Makers continue to accept orders, they are in a position to route orders to Dark Pools, further suppressing the price action at the exchanges. + +**Point 2** \- If they are unable to take the other side of the trade, they must pay a fee to route the order to the exchanges + +Now, while point 2 is a bit MEH… because I’m sure ShittyDell could afford to pay the fees… **POINT 1**… means they are 100% incentivized to continue to accept orders. + +[Source Page 73](https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.416.0.pdf) + +\------------------------------------------------------------------------------------------------------------------------------------------ + +>*After brokers imposed different trading restrictions on January 28, counsel for the Antitrust Plaintiffs quickly filed a broad lawsuit against dozens of defendants and then promptly sought MDL coordination* + +&#x200B; + +\- Making it look like the Plaintiffs are merely opportunists looking for a payday + +&#x200B; + +>*The antitrust claim is predicated on the speculative contention that the “meme” stock prices would have been even higher but for the alleged conduct, combined with the absurd contention that every member of the putative class was harmed because they would all somehow have timed the market perfectly absent the restrictions and sold their shares of the “meme” stocks at a profit.* + +&#x200B; + +\- I work in Tech and Many of you Apes will understand this. If you want to sound like you know what you are saying to a layman (Even when you don’t) you just use a lot of terminology that makes the other side THINK you know what you are saying and that it is in fact logical. + +&#x200B; + +\- Here… they are doing just that. It’s commonplace to say that no1 can time the market perfectly… BUT… the price went from $4 to $400 to $40… You don’t have to time the market perfectly to make a profit here… especially if the market suppression hadn’t occurred the price would likely have continued to skyrocket. + +&#x200B; + +\- DUMB ARGUMENT + +After this… there is more discreditation of the Plaintiff's council, stating that it is all just speculation and contradicted by logic. + +**Then they specifically site their argument.** + +>*The facts described above are pleaded in the CCAC, and those facts plausibly establish that there was a “common market stimulus” to which brokers both those named as defendants and those who are not each reacted in their own independent financial interests, unaided by any advance agreement. That was the unprecedented market volatility for the Relevant Securities, which in turn led to clearing agency demands some brokers could not meet without restrictions. Plaintiffs’ Section 1 claim must, therefore, fail.* + +So… everyone was reacting to the market volatility and because they each did something slightly different, and there is no evidence of communication… **there’s nothing to see here.** + +&#x200B; + +https://preview.redd.it/xr2828nt9op71.png?width=600&format=png&auto=webp&s=2c93a0340672904c10fd2378769e26992784a4cb + +From here… the legal team show their cards. + +Instead of protecting all the defendants, they go back to protecting ShittyDell… + +>*According to Plaintiffs, the real reason the Introducing Brokers introduced the disparate restrictions was because Citadel Securities—alleged to have a commercial relationship with some, but not all, of the defendants— sought to depress the prices of the Relevant Securities to protect Citadel Securities’ alleged short position.* + +So they are saying Citadel does not have a commercial relationship with the brokers (Who they pay for order flow) and Citadel does not have short positions…?? + +Am I reading that right? + +>*Despite access to tens of thousands of pages of document productions to government agencies investigating the restrictions, Plaintiffs offer zero direct evidence that: (1) Citadel Securities actually held a short position in the Relevant Securities; or (2) that any unlawful agreement existed between any two Defendants, never mind among all Defendants. Plaintiffs fail even to allege that most of the Defendants ever spoke to a single other Defendant during the relevant time period.* + +Yes… yes I am. Kenny boi actually does not have **ANY SHORT POSITIONS**… and none of these companies know or communicate with each other in any way… Sure… + +Guess we were wrong ALL ALONG APES! + +Then why push the narrative about shorts have closed??? + +PUPPY BREAK!!!! + +\---------------------------------------------------------------------------------------------------------------------------------------- + +Awww... look! The puppy has a little teddy bear. Isn't he SO cute? I bet he's dreaming about his teddy bear. + +&#x200B; + +https://preview.redd.it/jvhw1ajtbop71.png?width=1024&format=png&auto=webp&s=0db523c4f64202e682a45d43f1b2cef221d9b75d + +\---------------------------------------------------------------------------------------------------------------------------------------- + +More counterintuitive argument: + +>*The alleged conspiracy is also implausible. As Plaintiffs acknowledge, Citadel* +> +>*Securities’ business is predicated on facilitating trading activity. There is no allegation—nor* +> +>*could there be—that Citadel Securities ever refused to facilitate trades in any of the Relevant* +> +>*Securities* + +So because Citadel continued to (manipulate) facilitate the market, it’s **IMPOSSIBLE** that there was any conspiracy. + +And then this GEM… + +>*Moreover, even if Citadel Securities did stand to benefit from a lower price in the* +> +>*Relevant Securities, none of the brokers did; they are not alleged to have bought or sold these securities for their own account.* + +So… because the brokers didn’t have short positions there is no incentive for them to manipulate the market even if Citadel did benefit from it? + +&#x200B; + +\- Of course the fact that Citadel signs their cheques and creates an obvious conflict of interest couldn’t have anything to do with it right? + +Oh but wait… + +>*And they are not alleged to have received any financial benefit from Citadel Securities in return for joining the alleged conspiracy.* + +OK… well that makes sense then. I guess we can wrap this up right? + +>*There is no plausible explanation for why the various broker defendants would have sacrificed their own financial interests to help Citadel Securities and protect it against alleged short position for which Plaintiffs concede they lack any actual evidence* + +Seriously? Kenny where did you find this legal team? A 5 year old could come up with a better defense. My dog ate my homework is a better defense!! + +>*This case must be dismissed with prejudice.* + +I think not Hedgies. + +\----------------------------------------------------------------------------------------------------------------------------------- + +So according to the defense… the capital call of $3 Billion was the reason that Robinhood after SEVERAL HOURS of internal deliberation and in light of “major liquidity issues” made the DIFFICULT DECISION to impose temporary trading restrictions… + +[Source](https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.408.0.pdf) Page 10 + +BUT… + +Why then are there conversations internally at Robinhood on the 27th (1 day before) about having a call with Citadel in relation to suspected restrictions in PFOF? + +https://preview.redd.it/9cxn2i1maop71.png?width=805&format=png&auto=webp&s=621340bbb7b2efdbd9c3d5df7e9139b34962b6d9 + +[Source](https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.416.0.pdf) Page 80 + +So if it was in fact the Capital Requirements (As Vlad testified under oath to) that caused the restrictions… how did they know about it the day before the capital requirements were issued? + +ANYWAY… moving on in the defense is a bunch of legal jargon to try to get the case dismissed based on conflicts of laws, lack of evidence and so on… + +The Conclusion is: + +>*For the foregoing reasons, Defendants respectfully submit that the CCAC should* +> +>*be dismissed for failure to state a claim, with prejudice.* + +[Source](https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.408.0.pdf) Page 40 + +And just 2 days ago… Sep 23rd, this motion was denied as Moot. [Source](https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.418.0.pdf) + +Each defendant now as an opportunity to fight their own reason why their case should be dismissed and submit them before October 15th. + +\----------------------------------------------------------------------------------------------------------------------------------- + +So Apes... + +Normally I wouldn't have put much weight into this lawsuit, even if it is a class action. + +But with the evidence already uncovered regarding conversations between Shitadel and Robbinghood, on top of the **INSIDER TRADING** allegation ([check my post here](https://www.reddit.com/r/Superstonk/comments/puu7yv/more_from_the_lawsuit_after_instructing_brokers/)) and **MOST IMPORTANTLY**... + +What seems like a COMPLETE lack of competence in the defense's legal team... + +This whole thing may just turn into something worth digging into! + +\----------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +https://preview.redd.it/sivrglyhbop71.png?width=1280&format=png&auto=webp&s=81e37e1d283c6e129aeeaca5c0698f10e4f21662 + +Shout out to [AnnihilationGod](https://twitter.com/Annihil4tionGod) for starting me down this Rabbit Hole [u/AnnihilationGod](https://www.reddit.com/user/AnnihilationGod/) + +\----------------------------------------------------------------------------------------------------------------------------------- + +If you'd like to see the BBC cover this ongoing investigation... let me know in the comments below + +\----------------------------------------------------------------------------------------------------------------------------------- +Learned friends, a year ago I FIREd after the sale of our business put us in a financial stratosphere I never thought possible. I now have a lot of time (too much, but that's another post) on my hands and want to teach myself about things people with 15m of assets should know. I don't know where to start. If you all could design a year of study for POST-Fire knowledge, what would it look like? For example, 1 month on insurance/2 months on real estate/ 1 month on taxes, etc. I don't really know where to begin in figuring out what rich people should know that I don't, as silly as it sounds. I should add that we have an AUM advisor (I know this is a debate, but not hopefully the focus of responses) and so I am more focused on knowledge that allows me to supervise and evaluate performance, rather than the mechanics of doing it myself. Thank you all so much! +Both countries are laden with debt, burdening their population with high taxes, as well as limiting their ability to help the economy. + + Simply printing money and trying to devalue their currencies doesn't seem to work. + +Austerity measures mean that their citizens suffer. + +Would it be a good idea for them to "wipe the slate clean" and default? + +**BEFORE YOU DOWNVOTE ME TO OBLIVION:** + +Many European countries have individually had many defaults. Other countries around the world have also had defaults, and recovered. The most recent being Iceland, but also Russia and Argentina. + +Granted, those are more commodity based economies, but how bad can defaults on the EU/ USA front be? + +Maybe it's a paradigm shift - Sovereign Debt does NOT always deserve AAA ratings. Governments NEED to behave responsibly. + +Economists of Reddit, let's discuss the implications? + + + +Hey guys, + +I'm lurking in this subreddit for a week or so. I'm coming from a Machine Learning/Data Science background and want to get into quant trading. My goal is to apply ML/DS to this field. Currently, I'm reading quite a lot of guides and posts about the infrastructure and polishing my financial knowledge (which is not really good). + +I just stumbled upon the book "Advances in Financial Machine Learning" by Marcos Lopez de Prado, and it looks quite promising. As I lack a lack of knowledge in this field, I cannot assess how good the book or the author is in this field and if it's worthwhile reading. + +Can any of you recommend this book? +I wanted [a check-up](https://www.reddit.com/r/financialindependence/comments/9l2r7p/am_i_being_too_conservative_while_i_save_up_for_a/) to be sure that I am being pragmatic with the resources and time that I have before I reach the stage where I need to seriously consider buying a house. + +If I had to make a timeframe estimate, I would guess that within the next 5-7 years, I expect that I'll need to purchase a home. + +I am 29, living in the NYC area. I have no debts or obligations, and I still live at home and commute to the city every day for work. Unless I change careers, this is where my job will always be. Even if I did change my line of work, I would imagine that I could find my next opportunity here. Around this area, I would think that homes I would be interested in would sell for $600k-$700k. + +My income is around $100k at my primary job. I work a second job for part of the year that earns me about $10k. + +My girlfriend has been working her way out of credit card and student loan debt. As she has no savings of her own, should we stay together, the burden of purchasing a house would fall primarily on me. + +**Cash:** + +I have about $75k in cash. About $50k is in checking accounts earning 3% APY. A large percentage is working for me pursuing bank account sign up bonuses. + +**Retirement:** + +I max out my Roth IRA, HSA, and 401k. I have an 80/20 ratio invested in Total Domestic Index Funds and International Index Funds. My 401k has about $110k, my HSA has $17k, and my Roth IRA has $34k. It would be a last resort, but I picked a Roth IRA because of the ability to pull up to $10k in gains penalty free for the purchase of my first home. + +**Taxable Investments:** + +**Holding** | **Amount** +---|--- +[SWTSX](https://www.schwabfunds.com/public/csim/home/products/mutual_funds/summary.html?symbol=SWTSX) | $85k +[VTIAX](https://investor.vanguard.com/mutual-funds/profile/vtiax) | $25k +[VBILX](https://investor.vanguard.com/mutual-funds/profile/vbilx) | $10k +Misc. Stocks | $90k + + +I've had informal discussions with my parents about buying their house. They have 3-4 years left working before they retire. The house would probably go for around $650k in a good market. Our taxes were $15k last year. The house is in pretty good condition. I'm sure in the next 30 years it would need some work, but there's nothing major in terms of repairs or renovations that need to be done. I like the lake community we live in, and several other logistic features which I believe to be unique to our geographic location and house price range. + +**Questions:** + +1. Am I being too conservative with that much money in cash? Or am I being too risky leaving that much money in equities? + +2. Are my current holdings appropriate for my age range and goals? + +3. Am I being too aggressive by maxing out my retirement now or should I dial back my 401k to focus on increasing my cash? +Just discovered this sub and, understandably so, many of the posts seem focused on younger individuals and families that have more time to save and accrue. I was always a poor financial manager, but I just got married, I’d like to start a family, purchase a home, and start thinking about my retirement. + +Some facts: + +- I earn about $350k a year, although this isn’t entirely steady as 25% of that are RSU distributions from my company (FANG company). +- I didn’t save anything for retirement until I started here 3+ years ago. I now have $50kish in a 401(k) but that’s it. +- We own a condo that we’ve been renting out for a few years, but currently rent our primary residence at a high cost ($3500/mo in an expensive area). +- I have a relatively high appetite for risk personally, but that’s a little reduced now due to having other people that depend on me. +- I have an emergency fund of ~$30k. +- I plan on maxing my 401(k) next year. +- I have a maxed HSA. +- We own both of our vehicles and they are paid off, though we would like to at least sell one and purchase a newer one in the next 18-24 months. +- I am a veteran and am considering using VA home loan benefit to purchase this year but I’m not sure if this is best idea. + + +Are there any things I should be looking at doing to best prepare for the future, as well as maximize my earnings while they are relatively high? There’s so many things I could be doing - index fund investing, stock investing, IRAs(?), real estate, etc. - but it’s all a bit overwhelming and I’m not too sure where to start. Any general advice to give or resources to point me to? Sorry for the broad question, but ever since getting married, I’ve been thinking about this constantly and I’m not sure where to start. +Just discovered this sub and, understandably so, many of the posts seem focused on younger individuals and families that have more time to save and accrue. I was always a poor financial manager, but I just got married, I’d like to start a family, purchase a home, and start thinking about my retirement. + +Some facts: + +- I earn about $350k a year, although this isn’t entirely steady as 25% of that are RSU distributions from my company (FANG company). +- I didn’t save anything for retirement until I started here 3+ years ago. I now have $50kish in a 401(k) but that’s it. +- We own a condo that we’ve been renting out for a few years, but currently rent our primary residence at a high cost ($3500/mo in an expensive area). +- I have a relatively high appetite for risk personally, but that’s a little reduced now due to having other people that depend on me. +- I have an emergency fund of ~$30k. +- I plan on maxing my 401(k) next year. +- I have a maxed HSA. +- We own both of our vehicles and they are paid off, though we would like to at least sell one and purchase a newer one in the next 18-24 months. +- I am a veteran and am considering using VA home loan benefit to purchase this year but I’m not sure if this is best idea. + + +Are there any things I should be looking at doing to best prepare for the future, as well as maximize my earnings while they are relatively high? There’s so many things I could be doing - index fund investing, stock investing, IRAs(?), real estate, etc. - but it’s all a bit overwhelming and I’m not too sure where to start. Any general advice to give or resources to point me to? Sorry for the broad question, but ever since getting married, I’ve been thinking about this constantly and I’m not sure where to start. +Hey Everyone! + +Background on me: 27M, Recently Separated from the Navy after 8 years of Service. Moved to DC due to taking a corporate HR job making 75K or 2200 after tax and deductions every pay period. (bi-weekly) Currently I'm in school using the GI Bill taking in $1700-2500K per month tax free for housing (fluctuates based off of my classes end dates as they are 8 week periods vice normal class lengths). + +Recently in the last month I received a decision on my disability in my favor providing a back pay payment of $16.5K and a monthly payment of $3300 tax free going forward. With this increase I plan to invest 15% of my salary paycheck into my company 401K. Outside of this, I am at a loss of where to move next. I currently sit on 30K liquid between emergency fund and checking/savings and have no debt but pay $2200 in rent monthly (I plan at a minimum to move to something smaller to decrease rent costs). + +My question I guess is what I should do with the increased income to make the most of it? I know I should not increase my lifestyle and am working to curtail that as much as possible, this and increasing my 401K position are all I really know what to do. I've thought about buying property and paying them down to become passive streams of income or investing in the market in safer blue chip stocks, but not much outside of that. + +My friends are in San Diego, CA and I'd like to live near/with them one day and was the plan before this job, but the flexibility at work and opportunities here (growing a small business, being taught the ins and outs of the business) have me in a tough place moving there and leaving this. I feel truly conflicted 50/50 either way and have thought if I could figure out the game plan financially, I can better decide where/what I'm doing next. + +Thank you for your time and support to read this and answer my question, your feedback is appreciated. +Some background, I’m 21 living with my mum and younger two siblings. I had an emergency fund but had to drain it all to pay for a visa appeal, and now im in a bit of dept. My debts are as follows: + +1. Credit card: $$900 (no interest until november) +2. Zip Money: $2000 (no interest until August) + +Here’s how it happened, basically I pay all the bills in the house except rent, so after I paid the visa appeal, just my luck it was time to pay some bills, including my rego. Thats when I turned to Zip and sunk it. I already had a credit card but rarely used it so i just started using it for my day to day as work wasnt consistent. + +So I got a new full time role which pays not so great, $850 a week. I am currently doing a coding bootcamp at night with Monash which costs $2000 a month so thats $500 a week. And because of the new job, my younger brother has to go to before school care everyday and its $40 a day, so that's already $700 of my paycheck gone leaving only a little for fuel, food and bills, pretty much impossible. I work a weekend job every second weekend but that doesn't relieve the situation that much + +I'm looking for advice on what to do or any side hustle ideas, thanks in advance. +I received an email from corporate stating that there was an employee buy in program happening, I feel as if its maybe too good to be true but figured Id ask anyways. The company's stock has been relatively stable the last 5 years (+/-15% at most) so I know the odds of me making large gains on the stock itself are questionable. The program is as follows: 20% discount on the share price, I'm allowed to invest maximum of 25% of my annual gross salary (~120k), and dividends are paid out as more stock (last couple years the dividend has paid out about 5% of the stock price) but the stock needs to be held until 2023, so a 5 year hold. Even if it didn't increase much in price wouldn't I still be looking at a 20% gain? minus any capital gains taxes? Sorry I'm kind of new at this. + + + EDIT: I guess I may as well just say that this stock is for Veolia Environment, traded on the EPA (French stock exchange) under VIE +Hi all, + +I'm in my late twenties with an annual comp of \~$400k-1mm. The range is wide because most of my comp is in carry (PE/VC) and I'm incredibly illiquid. Lower range is beginning cash value and higher is if the fund hits target performance. Similarly, I don't know where to mark my net worth because most of it is tied up in our funds. + +My job is mostly remote, with our team all over the US, so I've been considering taking a year to live 2-3 months in a handful of places and figure out where I want to settle long-term. It'd be mix of HCOL and LCOL places, all in the US. My SO also works mostly remote with similar comp, but we don't mix finances and we're not married. We'll probably need to be somewhat picky about places because we'd need to be able to fly out on relatively short notice. + +Has anyone done anything similar? + +I'm thinking airbnbs for the stays because it just seems easiest, but while I don't want to rough it, I also don't want to be blowing cash to make this work and have it set me back. Is this a good idea? Is this going to get too logistically complicated? Would be great to get any advice on what might come up and how I could best plan in advance. +Hello! + +I sold 14000 stocks of AMD, and waiting lower price to buy back. + +Instead of waiting for lower price (let's say my plan is to buy back at 35$) can I sell $35 140 puts contracts expiring this week? If it drops below and I get assigned, I get shares that i wanted anyway, and if not, i keep the premium. Did i get this correct? + +&#x200B; + +Thanks! +So I have been using Google pat for a few months now and assume most of the people here use it. The gold vault is an interesting feature and initially I was skeptical of it. But recently I have been putting in ₹300-400 here and there and accumulated 1g. Not much but still. + +Now I’m debating whether to continue with and keep building up my Gold this way. There is an option of getting the gold coins delivered, selling them or just keeping them this way. + +From my understanding, to go about gold as an investment, the Sovereign Gold Bonds are the way to go. Annual interest payments and tax free capital gains. But liquidity is an issue so that can be used a long term, big investment option in the future for me. + +What do you guys say about the Google Pay Gold or Kuvera for that matter? +[Live Mint Article](https://www.livemint.com/mutual-fund/mf-news/sebi-introduces-flexicap-category-in-mutual-funds-11604665877031.html) + +The Ken wrote very well. Mutual funds are subject to Market Regulator risks. + +I don't see the point on going back and forth with this category changes. +I have lost around 7% on BSE, but I am still buying, saving to buy some more tomorrow. So what do you think is a value buy now? . Edit 1 : When i say BSE, i mean stock of BSE which is traded on NSE :-) +Just curious. How’s a bank like idfc,able to maintain an interest rate of ~7% on savings, while other big banks have brought it down already. I do understand, for a relatively new bank offering higher returns on savings acts more as a pull factor. But there must be certain risks at play . 🤔 +So my brain has been making this connection recently and I'm trying to understand why. I remember forming the desire to be FI in my teenage years. But before that I remember believing in being good at something as in having a profession. By being confronted with the reality of the world one finds there isn't really anything worth doing other than that which leads to acquiring wealth and subsequently more freedom. In my case I especially don't have a desire of being wealthy but simply of not having to deal with work that I find meaningless. I guess maybe for people like doctors or scientists there is more meaning in what they do. I feel like choosing to become independently wealthy is downright nihilistic because on the deep level it says there is nothing worth doing in this world so I might as well live off my remaining time more comfortably. + +Don't get me wrong, I love the idea of FI and I'm working towards achieving it for myself but I can't help but feeling like I'd trade it off for a job worth doing. + +EDIT: I might be a little messed up in the head. But I see how most agree that the important things in life aren't valued by society so we have to retreat into our little asinine corporate cubicle gigs which later accumulate into our FI nesteggs, which just equals to other people doing those asinine gigs for us, so then we can finally larp out our fantasies about how we think life should be. + +To me, FI is admitting the system is broken, but instead trying to rebuild it, we're just buying ourselves a share in that system so we can get that sweet free ride. +Hi Reddit - + +I received the unfortunate news that my company is closing and I will be getting laid off. My last day is Friday. Obviously I am overwhelmed, upset, angry...but I want to try and get a grip on myself and get things in place. + +I've never been fired or laid off, so I have no experience with this, and I want to know from those with similar experience, what advice you'd give to someone who just got laid off. + +What sparked this was a piece of advice from my mom, who reminded me to double check ALL those sneaky subscription services and little charges - and pause them or cancel them to make sure money isn't mysteriously disappearing. And honestly that was nowhere on my mind, but very important for me to look into. + +I've already got 5 applications in, I'm waiting on some transcripts for a few others, I've updated my linkedin profile...but I know I'm missing stuff. I can't apply for unemployment until after Friday. + +Any advice, tip, or trick/hack that you guys could offer would be amazing. My head is so cloudy right now, and this sub is always super helpful. + +Thanks guys +Whether it was from real estate, equity investments, a side business, etc. What age were you, how long have you been working on it, and what was your primary income at the time? Did you just decide to quit your job? +>Boeing customers cancelled a staggering number of 737 Max orders last month, deepening the crisis the company faces amid the coronavirus pandemic and the continued grounding of its best-selling plane after two fatal crashes. + +>Boeing shares were down more than 3% shortly after the company posted the dismal figures, trading near session lows. + +[BA stock price](https://finance.yahoo.com/quote/BA?p=BA&.tsrc=fin-srch), [CNBC](https://www.cnbc.com/2020/04/14/boeing-customers-cancel-staggering-number-of-737-max-orders.html) +**An atmosphere of fear has set into equity markets** that hasn’t been seen in some time. If you turn on MSNBC you will get host after host at least calling a market correction and some calling a doomsday. If you are watching your portfolio by the hour you might even be feeling the slow onset of nausea as you realize how much you’ve just lost by not timing the market. (You shouldn’t try to time the market by the way.) It’s important in times like these to take a step back and think rationally about the market before we let our emotions drive our investment decisions. + +So what happened? The Fed wants to raise rates, Greece just became a problem again, manufacturing is down in China, commodities are hitting new lows with the oil supply glut leading the way, all of a sudden television isn’t the medium of choice for Americans (but neither is Netflix?) the Koreans want to kill each other, they’ve always wanted kill each other but now they might just go for it, everyone thought China would start buying our stuff in never-before-seen quantities, now we are realizing the emperor has no clothes and China isn’t so spectacular. + +**Let’s talk about China:** If you’ve been following the advice of people here or anywhere else you probably bought apple, and you probably held apple after it hit $133. Now we are finding (or we already knew) that a major component of Apple’s valuation was the expectation of future sales to China. This is not just affecting Apple though, go look at Celenese for instance, or most of consumer and manufacturing sectors of the S&P 500. We trade a lot with the Chinese and some have overestimated their ability to buy our stuff. What’s wrong with China? For starters China does not actually have a functioning free market, so get any illusion out of your mind that they have the same legal structures that promote the incentives of private actors to make money like we have here in the U.S. The Chinese market does not even allow shorting. If you have been reading the news coming out of China they say they are aggressively pursuing the prosecution of short sellers… what’s wrong here? They do not have short sellers, but they do have sellers. Lots of them. And they want to stop them from selling their own equity positions. China may not have a free market, but they still have free market forces, and they can fight all they want to make certain economic truths untrue, but as Herbert Stein said: “what cannot go on forever will eventually stop” So what is going to stop? Over the past Year and a half we have seen the Chinese stock market expand by 250% and Earnings fell 3% this last year on average. All the while the Chinese state run media basically pulled an extended pump and dump propaganda extravaganza to prop up their market (they don’t actually believe in dumps though.) The credit expansion of asset backed securities in China helped facilitate this bubble (in simple terms the typical Chinese investor mortgaged their homes and placed that same money in the stock market.) Now the new symbol of the Chinese economy is a lonely man selling his prized Lama in the street so he can just hold on to his house. + +**Let’s talk about the European Union:** Investors are waiting for Greece or another poor EU country to back out or fight the EU on their debts. If you ever read Michael Lewis's [article on Greece](http://www.vanityfair.com/news/2010/10/greeks-bearing-bonds-201010) or his book Boomerang you know that the health of most major banks in the EU depends on these smaller countries to act as conduits as the ECB and IMF send money through them to the banking system. Before 2008 many large financial institutions in Europe took major positions in Third World EU debt (that’s a joke.) But more Seriously Greece has created a contagion, the idea of a default is becoming more intriguing to the masses of young unemployed citizens in Greece Spain and Portugal. Meanwhile the Germans still feel guilty for WWII and want to pay the world back by creating entitlement waste in other countries. Think about it this way: if I borrowed $5,000 from Warren Buffet he would own me, but if I borrowed 50 Billion from Warren Buffet, and suddenly I couldn’t pay him back, I would now own him. Ladies and Gentlemen Greece has an economy the size of greater Los Angeles and 1.2 Trillion Euros in Debt (and this is a conservative estimate.) They will not pay this back in the long run, they cannot afford to. They struggle to collect taxes. They cannot contain corruption within their own government. The EU is an unsustainable ticking time bomb, Greece is just the tip of the iceberg. + +**Let’s talk about the Federal Reserve:** and right off the bat can we recognize that the Fed is out of ammo? They cannot stimulate the market anymore. We have seen some of the most aggressive multiple expansion in the history of the United States equity markets since 2008, spurred by Fed Policy and now they want to raise rates and take it all back? They essentially cut the Weighted Average Cost of Capital to new lows for our entire economy, making nearly every positive Internal Rate of Return project for every company positive on a Net Present Value basis as well. We just suspended our creative, volatile, constructive capitalism and made the majority of our businesses winners over the last seven years and what now? There are no consequences for this at all? That project to revamp and expand the HR department of your typical mid-size company will no longer be NPV positive as the WACC could retroactively increase in an environment of rising interest rates. Don’t discount the importance of the term structure of corporate debt. The tide is about to go out and you will see who is still wearing a swimsuit and who is swimming bare ass naked. +So where do we go from here? + +**Remember the best thing that can happen for a young investor is a crash**(sorry dad.) I’m going to guess that the majority of r/investing is near my age (mid-twenties or mid-thirties) and we want a stock market crash, we should welcome it. We are not investing for returns tomorrow, we are investing for returns 20-30 years from now, and the greater losses now the greater gains we will have in our 401k’s our IRA’s and even for you trust fund babies too. Look, some of us have been waiting for a cheap asset class to appear for half a decade, now it looks like every asset class is about to get cheap. I want to buy the S&P 500 at a deep discount over the next few years of my life and you should too. + +**Let’s put some things in perspective as well,** investing in the United States is like bowling with bumpers, you are going to hit some pins and get a decent score. China on the other hand is a gutter ball. We are fortunate to live in one of the most diverse (by industry) and free markets in the world. Not only that, earnings are actually still growing, despite the global contagion of artificial interest rates, currency manipulation by China, and on and on. Our economy has an advantage because we have embraced a fantastic combination of capitalism and oversight that has created the most prosperous country in history ( save for Monaco but they cheated) and we should welcome cheaper goods from China, $40 dollar oil is going to be great for my morning commute, and let’s welcome the flight to safety as foreign investors will continue to look to the United States as a safe haven for capital. In the long run it’s going to be okay, because 30 years is a long time and this market uncertainty creates buying opportunities. There is blood in the water and you’re a shark, go find something to eat. + +**What buying opportunities should we look for now?** There are specific strategies that create downside protection as the near term investment outlook becomes uncertain. Some believe gold will be a good hedge, and at some points in the past it has been, it might work, I would rather hold some other stuff but that’s a difference of opinion. Even better, take a look at VIX, not that proshares bullshit that’s easy to buy and a great way to lose all your money. Go look at VIX: the CBOE basket of implied volatility for options, and then go look at some time series return data for VIX over the past 10 years. Vix by definition works as a hedge for market uncertainty because it is a reflection of implied volatility, and it is a great way to smooth out returns over the long run. If market uncertainty makes your stomach turn, wait for things to calm down again and then go hedge yourself with a portion of your portfolio in a rolling basket of VIX call options, if you want to know more about how this works feel free to PM me. Dividend stocks are a great place to find safety, value stocks are a great place to find safety as well. Look towards emerging markets for some safety as well (think Chile.) Multiple expansion has been relatively limited in some emerging markets and will allow you to find good deals now while things remain tentative here in the United States. + +**And most importantly, it’s just money, there are so many problems that money can’t fix so let’s be thankful it’s just 3% and stay focused on a rational investment strategy moving forward.** + +**edit:** Wow I did not expect this to blow up. I went out to grab drinks with my Fiance and all of a sudden this happened.. First off I must say that I truly appreciate the comments both positive and constructive and I appreciate the messages (I got A TON of messages.) If you are looking for market predictions... I am not your guy. This is an explanation of market sentiment as I perceive it to be, not what happens on Monday when the market opens, don't ask me what to do with your money this is the internet. This could be a market correction, or we could see a rebound, and I am not trying to predict the future. I just found it all so fascinating I had to word vomit my thoughts. + +**Secondly** Monaco is a nation the size of my back yard (that a joke) and has made a business of being the tax haven of Europe (seriously) so the wealth/capita ratio is absurd. I was there just weeks ago and saw the most ridiculous yacht club I have ever seen (I am not a rich man) so I just had to throw in a reference. Guys if you get the chance go see Monaco, and go to the aquarium... it is amazing! + +**Finally** Yes Chile exports 25% of GDP to China according to Wikipedia (nice one!) That doesn't mean supply and demand disappeared on 8/21/2015, so if China loses 30% of their value in equity markets that 25% didn't just evaporate into thin air... also you can find specific positions in ADR's or positions in foreign accounts that are fairly or conservatively valued with little exposure to China in Chile or other emerging markets. We are all sensitive to the low interest rate environment and how it has propped up equity valuations here in the U.S... Could you just consider for a moment that emerging markets have a different exposure to other macroeconomic risks and aren't as sensitive to the 10 year T-bill rate? it is not a perfect hedge, and you aren't a perfect investor either, so do your research and get off my ass + +**Edit #2: VIX options** I am getting a lot of messages with specific questions about Vix. So let me explain what I do, and maybe you will like it or do something similar. What I meant by rolling VIX options is set aside a certain amount of implied volatility that you want to hold, lets say 6%. There are 6 maturities for these options, 1 month 2 month, 3 month etc. I pick the 6 months, I like the maturity at a later date because I don't get crushed as much by holding every day. So over 6 Months I put 1% of my portfolio into 6 Month call options until a day like today and I sell ALL of it. Then I start rolling money back into VIX options when it falls to the $12-$13 dollar range. I haven't always done this, and I won't always do this, I think the environment today calls for some sort of hedge against these macro economic risks I talked about. + +**An atmosphere of fear has set into equity markets** that hasn’t been seen in some time. If you turn on MSNBC you will get host after host at least calling a market correction and some calling a doomsday. If you are watching your portfolio by the hour you might even be feeling the slow onset of nausea as you realize how much you’ve just lost by not timing the market. (You shouldn’t try to time the market by the way.) It’s important in times like these to take a step back and think rationally about the market before we let our emotions drive our investment decisions. + +So what happened? The Fed wants to raise rates, Greece just became a problem again, manufacturing is down in China, commodities are hitting new lows with the oil supply glut leading the way, all of a sudden television isn’t the medium of choice for Americans (but neither is Netflix?) the Koreans want to kill each other, they’ve always wanted kill each other but now they might just go for it, everyone thought China would start buying our stuff in never-before-seen quantities, now we are realizing the emperor has no clothes and China isn’t so spectacular. + +**Let’s talk about China:** If you’ve been following the advice of people here or anywhere else you probably bought apple, and you probably held apple after it hit $133. Now we are finding (or we already knew) that a major component of Apple’s valuation was the expectation of future sales to China. This is not just affecting Apple though, go look at Celenese for instance, or most of consumer and manufacturing sectors of the S&P 500. We trade a lot with the Chinese and some have overestimated their ability to buy our stuff. What’s wrong with China? For starters China does not actually have a functioning free market, so get any illusion out of your mind that they have the same legal structures that promote the incentives of private actors to make money like we have here in the U.S. The Chinese market does not even allow shorting. If you have been reading the news coming out of China they say they are aggressively pursuing the prosecution of short sellers… what’s wrong here? They do not have short sellers, but they do have sellers. Lots of them. And they want to stop them from selling their own equity positions. China may not have a free market, but they still have free market forces, and they can fight all they want to make certain economic truths untrue, but as Herbert Stein said: “what cannot go on forever will eventually stop” So what is going to stop? Over the past Year and a half we have seen the Chinese stock market expand by 250% and Earnings fell 3% this last year on average. All the while the Chinese state run media basically pulled an extended pump and dump propaganda extravaganza to prop up their market (they don’t actually believe in dumps though.) The credit expansion of asset backed securities in China helped facilitate this bubble (in simple terms the typical Chinese investor mortgaged their homes and placed that same money in the stock market.) Now the new symbol of the Chinese economy is a lonely man selling his prized Lama in the street so he can just hold on to his house. + +**Let’s talk about the European Union:** Investors are waiting for Greece or another poor EU country to back out or fight the EU on their debts. If you ever read Michael Lewis's [article on Greece](http://www.vanityfair.com/news/2010/10/greeks-bearing-bonds-201010) or his book Boomerang you know that the health of most major banks in the EU depends on these smaller countries to act as conduits as the ECB and IMF send money through them to the banking system. Before 2008 many large financial institutions in Europe took major positions in Third World EU debt (that’s a joke.) But more Seriously Greece has created a contagion, the idea of a default is becoming more intriguing to the masses of young unemployed citizens in Greece Spain and Portugal. Meanwhile the Germans still feel guilty for WWII and want to pay the world back by creating entitlement waste in other countries. Think about it this way: if I borrowed $5,000 from Warren Buffet he would own me, but if I borrowed 50 Billion from Warren Buffet, and suddenly I couldn’t pay him back, I would now own him. Ladies and Gentlemen Greece has an economy the size of greater Los Angeles and 1.2 Trillion Euros in Debt (and this is a conservative estimate.) They will not pay this back in the long run, they cannot afford to. They struggle to collect taxes. They cannot contain corruption within their own government. The EU is an unsustainable ticking time bomb, Greece is just the tip of the iceberg. + +**Let’s talk about the Federal Reserve:** and right off the bat can we recognize that the Fed is out of ammo? They cannot stimulate the market anymore. We have seen some of the most aggressive multiple expansion in the history of the United States equity markets since 2008, spurred by Fed Policy and now they want to raise rates and take it all back? They essentially cut the Weighted Average Cost of Capital to new lows for our entire economy, making nearly every positive Internal Rate of Return project for every company positive on a Net Present Value basis as well. We just suspended our creative, volatile, constructive capitalism and made the majority of our businesses winners over the last seven years and what now? There are no consequences for this at all? That project to revamp and expand the HR department of your typical mid-size company will no longer be NPV positive as the WACC could retroactively increase in an environment of rising interest rates. Don’t discount the importance of the term structure of corporate debt. The tide is about to go out and you will see who is still wearing a swimsuit and who is swimming bare ass naked. +So where do we go from here? + +**Remember the best thing that can happen for a young investor is a crash**(sorry dad.) I’m going to guess that the majority of r/investing is near my age (mid-twenties or mid-thirties) and we want a stock market crash, we should welcome it. We are not investing for returns tomorrow, we are investing for returns 20-30 years from now, and the greater losses now the greater gains we will have in our 401k’s our IRA’s and even for you trust fund babies too. Look, some of us have been waiting for a cheap asset class to appear for half a decade, now it looks like every asset class is about to get cheap. I want to buy the S&P 500 at a deep discount over the next few years of my life and you should too. + +**Let’s put some things in perspective as well,** investing in the United States is like bowling with bumpers, you are going to hit some pins and get a decent score. China on the other hand is a gutter ball. We are fortunate to live in one of the most diverse (by industry) and free markets in the world. Not only that, earnings are actually still growing, despite the global contagion of artificial interest rates, currency manipulation by China, and on and on. Our economy has an advantage because we have embraced a fantastic combination of capitalism and oversight that has created the most prosperous country in history ( save for Monaco but they cheated) and we should welcome cheaper goods from China, $40 dollar oil is going to be great for my morning commute, and let’s welcome the flight to safety as foreign investors will continue to look to the United States as a safe haven for capital. In the long run it’s going to be okay, because 30 years is a long time and this market uncertainty creates buying opportunities. There is blood in the water and you’re a shark, go find something to eat. + +**What buying opportunities should we look for now?** There are specific strategies that create downside protection as the near term investment outlook becomes uncertain. Some believe gold will be a good hedge, and at some points in the past it has been, it might work, I would rather hold some other stuff but that’s a difference of opinion. Even better, take a look at VIX, not that proshares bullshit that’s easy to buy and a great way to lose all your money. Go look at VIX: the CBOE basket of implied volatility for options, and then go look at some time series return data for VIX over the past 10 years. Vix by definition works as a hedge for market uncertainty because it is a reflection of implied volatility, and it is a great way to smooth out returns over the long run. If market uncertainty makes your stomach turn, wait for things to calm down again and then go hedge yourself with a portion of your portfolio in a rolling basket of VIX call options, if you want to know more about how this works feel free to PM me. Dividend stocks are a great place to find safety, value stocks are a great place to find safety as well. Look towards emerging markets for some safety as well (think Chile.) Multiple expansion has been relatively limited in some emerging markets and will allow you to find good deals now while things remain tentative here in the United States. + +**And most importantly, it’s just money, there are so many problems that money can’t fix so let’s be thankful it’s just 3% and stay focused on a rational investment strategy moving forward.** + +**edit:** Wow I did not expect this to blow up. I went out to grab drinks with my Fiance and all of a sudden this happened.. First off I must say that I truly appreciate the comments both positive and constructive and I appreciate the messages (I got A TON of messages.) If you are looking for market predictions... I am not your guy. This is an explanation of market sentiment as I perceive it to be, not what happens on Monday when the market opens, don't ask me what to do with your money this is the internet. This could be a market correction, or we could see a rebound, and I am not trying to predict the future. I just found it all so fascinating I had to word vomit my thoughts. + +**Secondly** Monaco is a nation the size of my back yard (that a joke) and has made a business of being the tax haven of Europe (seriously) so the wealth/capita ratio is absurd. I was there just weeks ago and saw the most ridiculous yacht club I have ever seen (I am not a rich man) so I just had to throw in a reference. Guys if you get the chance go see Monaco, and go to the aquarium... it is amazing! + +**Finally** Yes Chile exports 25% of GDP to China according to Wikipedia (nice one!) That doesn't mean supply and demand disappeared on 8/21/2015, so if China loses 30% of their value in equity markets that 25% didn't just evaporate into thin air... also you can find specific positions in ADR's or positions in foreign accounts that are fairly or conservatively valued with little exposure to China in Chile or other emerging markets. We are all sensitive to the low interest rate environment and how it has propped up equity valuations here in the U.S... Could you just consider for a moment that emerging markets have a different exposure to other macroeconomic risks and aren't as sensitive to the 10 year T-bill rate? it is not a perfect hedge, and you aren't a perfect investor either, so do your research and get off my ass + +**Edit #2: VIX options** I am getting a lot of messages with specific questions about Vix. So let me explain what I do, and maybe you will like it or do something similar. What I meant by rolling VIX options is set aside a certain amount of implied volatility that you want to hold, lets say 6%. There are 6 maturities for these options, 1 month 2 month, 3 month etc. I pick the 6 months, I like the maturity at a later date because I don't get crushed as much by holding every day. So over 6 Months I put 1% of my portfolio into 6 Month call options until a day like today and I sell ALL of it. Then I start rolling money back into VIX options when it falls to the $12-$13 dollar range. I haven't always done this, and I won't always do this, I think the environment today calls for some sort of hedge against these macro economic risks I talked about. + +I posted on XMM Momentum 3 days ago and it has posted 10x gains since. Congrats to those who got in and are still making profit$. + +Got another good one for you here. This one is a sleeping giant set to make a run as one of the top Defi projects. The team has been hard at work since June to launch this first of its kind product. The past month or so the majority of tokens have been staked in a vault. Price has fluctuated wildly as speculation grew whether team would come through. Well the time is here. Price is around .25c at this time with around a 1.8m mcap. This will be another likely 10x, with possible 100x since there is no other project like this. Team is top notch, security audit completed, and next phase will include marketing as part of product launch. I really see no weaknesses with this one. Good time to get in before they launch next phase tomorrow. More info and links below. Cheers! + +Meridian Network (LOCK) +Imminent Product Launch!!! +31st August DAO Balancer pool Index Fund and Website Revamp + +Product: DAO governed balancer pool alongside a community run ecosystem of dapps. The Balancer pool has many benefits for investors. Provides exposure to all the assets in the pool and act as a diversification strategy, including passive dividends in the form of BAL, trading fees in the form of the tokens that are in the pool. The project is aiming to be 100% autonomous, the goal is for the team to gradually stop getting involved and placing control in the hands of users. + +The initial Balancer Pool: Prime Meridian Fund +Different ratios of BTC, ETH, LINK, OCEAN and LOCK. + +Major Marketing drive after deployment +Market Cap: +-1.8Mil +Circulating Supply: +-6.6Mil +Funds are Liquidity locked +Hacken Partnership: dApps are security audited + +The time has come! Introducing the final stage for Meridian Network: +https://medium.com/meridian-network/enter-meridian-the-final-stage-a300dfcff161?sk=551f795b1d2ceda0396f638543722b3a + +Litepaper: +https://drive.google.com/file/d/1s26Tsiej7-wtJvY20jhPhygRoTrra3tC/view + +Audit report by HACKEN: +https://drive.google.com/file/d/1xxSr6ecKxhfw3Ciu6vDmkUAH8ovEGOOx/view?usp=sharing + +LOCK token address: 0x95172ccBe8344fecD73D0a30F54123652981BD6F + +UPDATE 8/31: + +Team delivered. Everything is on point..future dapps in the works also. Price is still low b/t 40-50c. Soon it will be measured in dollars. See message from dev: + +Hey everyone! We have now released our new website along with the Balancer pool and DAO, make sure to read through our Medium article: + +https://medium.com/@meridiannetwork/meridian-network-a-new-chapter-eb74bc684e32 +I might crosspost this to other subreddits, but let's start with the financial aspect. + +&#x200B; + +Thing is I'm living in Germany for over 9 years which makes me eligible for citizenship (I'm originally coming from another EU country.) We have a good living here, early 40s, wife, son (born here in Germany), but strategically thinking about the future, there is a non-zero chance we'll end up in the US. + +&#x200B; + +I love my job and the employer treats us well. Still, it seems like after a certain point my career will just be stuck, there are not that many opportunities as you reach a certain level. A move to the US could unblock this. + +&#x200B; + +Also I do not see any realistic chance of owning a nice house+garden here. Despite having a gross salary above 100k EURs, that's just nothing in the Munich area - while this might be an irrelevant argumentation, as the US real estate prices have skyrocketed too. And renting for life, especially in this HCOL area… The older I'm getting the more security I need. + +&#x200B; + +From the financial perspective we have multiple plans with my wife, retirement fund, our own portfolio, even one for our son. Honestly I have no idea what to expect financial-wise after a US move, as basically the US greencard / citizenship is the worst thing the european banks could imagine (that's my perception.) + +&#x200B; + +Two more things to mention: + +&#x200B; + +\- In Germany I have 30 days of paid vacation + around 10 days of (paid) bank holidays a year. I suppose there is no chance to have anything similar in the US + +\- Job security: the severance package looks really generous, that alone kinda nixes the chances of being fired, while I suppose in the US "you don't need to come tomorrow or any other day" + +&#x200B; + +But not all aspects could be perfect, is that right? + +&#x200B; + +Questions: + +&#x200B; + +\- Do you see any advantages / rationale in applying for German citizenship when we might move further in 5-10 years timeframe? + +\- What experience do you have with moving assets (stocks, ETFs, funds) to the US? What tax burden shall I face when leaving everything with German banks? Especally is that feasible at all without having German residency (but maybe citizenship)? + +&#x200B; + +Would be lovely to ready your comments. Throwaway for various reasions. +Hi, + +So basically I want to ask for some advice about what to do with my life right now because I´m quite confused and lost. I used to work in hospitality for a long time and suddenly made a move to become a web developer and somehow made it. Now I have a remote job with a flexible schedule in a company where they treat me really well. I´m making 2300€ a month (before taxes) as a JR dev however I feel that´s gonna get a bump soon as I´ve been doing really well since I joined. + +Here´s the meat of the whole situation, I live in Barcelona, Spain, and the city has become unbearable to me. It used to be good but now it has become filled with crime, filth, and lots of noise constantly. People are just extremely noisy and annoying everywhere. It used to be that this happened in certain areas of the city only but now it´s everywhere and there´s nothing you can do, fighting with people about it is futile and it´s just too much for any one person to go against. + +Currently I´m working as a freelancer so I have to pay a legal advisor and some annoying fees so I´m barely cashing 1800€ a month after all of it, which is really kind of shit. I spend all my money in rent, expenses and taxes. I really don´t do anything, I can´t have a gym subscription, go eat out, do any traveling. My life is basically just working to live in a shitty apartment and go the park to do some sport a few times a week. That´s all I do. Literally. If I spend anything beyond that then I can´t even save any emergency money for any eventualities that may ocurr, which is not something I´d be comfortable with. + +My company are opening business in Spain now and they´ve offered me to give me a permanent contract which would be nice just to avoid all the freelancer and legal advisor fees I´m paying right now. Maybe I´d be bagging 2k a month that way. However I´m wondering if I should ever tell them to go ahead with it because I´m pretty convinced about leaving this place. I´ve been really eyeing southeast Asia lately. I hear you can live really well there with a bit less than 1k a month. I´m thinking if I get a salary bump closer to 3k soon, I´d be able to save around 2k a month living somewhere in SE Asia, that would be really nice. Also I feel my quality of life would improve there. I´d be able to go out more, eat out, go to the gym, and maybe live in a nicer place (my apartment and neighborhood here suck badly). + +One thing I´m really wondering because I have no idea about it, is what´s the best way for me to deal with my employer. If I go to SE Asia for example, should I try to get a work visa there and then become a freelancer in whatever country I´m living in so I can avoid paying taxes to the Spanish gov? is that even possible? I hear Cambodia is about to launch a 5-year working visa option for people such as myself, that would be sweet. + +Anyway, these are only some ideas I´m having but nothing is set in stone. I really want to leave this place ASAP but I can´t just yet, I need to solve a few issues first. So in the meantime, I would really like to hear some advice for people who may have been in my situation and maybe have a different scope of knowledge where they can guide me towards the best course of action. Honestly, I just want a place where I can live well, do sport, eat out and be able to focus on growing in my profession without being annoyed by a bunch of disrespectful, crazed people. I´ve seen they have these condos in SE Asian countries where digital nomads live and it´s all included. Maybe that´d be a good option for me? Anyway if you got this far reading thank you and I appreciate any advice you may give me about possible locations and work arrangements for my current situation which still is a bit alien to me. +Just looking for your thoughts on this. On the surface it looks good, but maybe there are other hidden aspects that I don't know of. + +The only risk I can think of is stable coins not being stable, but I don't know how realistic is that. +I made [this post](https://www.reddit.com/r/eupersonalfinance/comments/8t4f1n/moving_temporarily_to_low_capital_gains_tax/) a while ago about moving to a low Capital Gains Tax country, sell all my shares and repurchase them shortly afterwards to lower the future CGT. I was pointed to two potential obstacles. + +1. Exit taxes and + +2. wash sale taxes. + +The first one seems to be settled in [this article] (http://www.internationaltaxreview.com/Article/3590611/Spain-New-tax-regime-applicable-to-capital-gains-due-to-change-of-residence.html). + +> If the taxpayer relocates to an EU country, or a country in the European Economic Area (EEA) with an effective exchange of information, they will not have to pay or defer the exit tax as a result of this change of residence. The tax will only have to be paid, if within the 10 years following the last year the taxpayer was resident in Spain, one of the following circumstances arises: + +> - The taxpayer transfers the shares or units inter vivos; + +> - The taxpayer forfeits their status as a resident in the EU or EEA; or + +> - The taxpayer breaches the regulatory reporting requirements. + +My plan is to move from my country of origin and residence (Spain) to another within the EU. + +If I interpreted this correctly, there would be no exit tax then. I would simply pay the CGT in the second country, given that both countries have an agreement to avoid double taxation. **Is my understanding correct?** + +My second question is about *wash sales legislation in the EU countries*. I found hard to find information about it in countries like Czech Republic, Bulgaria, etc. Any pointers on where should I look up? Yes, I know that I should get expert counsel for this, but at this stage I am just assessing its feasibility. + +Thanks in advance. /r/eupersonalfinance is always very helpful. + +**Edit**: I see that this is a hot button issue. Feel free to voice your opinion in the comments, but, before downvoting, remember that it's not a "disagree" button. I researched the topic, formulated the question in a clear manner, and posted it in the appropriate sub. If you believe some of that isn't true, go ahead and downvote, but add a comment explaining how to amend my question in form or place. +I'm planning to invest in an all world equity portfolio and at first thought that Vanguard FTSE All-World UCITS ETF (USD) is a good option. But I was out off by the relatively high TER of 0.22% + +As a believer in Bogle's philosophy in minimizing the costs, I thought that replicating the same all world ETF using 3 ETFs for (US + Developed ex US + Emerging) would be cheaper. I don't mind the slightly extra effort of managing it. + +What do you guys think and actually use? Would it be actually cheaper? + +Also what ETFs I can use to replicate the IE00BK5BQT80 and the weight of split. + +Thanks in advance. This sub taught me a lot and I'm grateful +Hello, + +I'm looking for ways to save. I spend way too much every month and I would like to know which sources (blogs, books, etc...) exist with practical information to make drastic cuts in monthly costs. + +To get a better overview of my expenses, I'm also looking for an expense tracker. Preferably one that is free and that also exists in web form, and additionally keeps an overview of different bank accounts and divides expenses into categories. + +Thanks +Canada is now allowing banks to freeze accounts at will without any legal oversight. + +[https://www.bbc.com/news/world-us-canada-60383385](https://www.bbc.com/news/world-us-canada-60383385) + +This means, that at the press of a button, they can ruin someone's life overnight. In an instant loan payments will be missed, subscriptions cancelled, credit unavailable, all because of the power granted to the banks. + +**This is a great time to advocate for cryptocurrency as a way to keep these banks from accidentally or intentionally holding your money hostage.** + +To those who say "It'll only affect a certain group I disagree with", with anything this broad and with no accountability, do you think they will err on the side of caution or will they start blanketing this policy far and wide? Imagine for a moment that the mean neighbor two doors down realizes they can screw you over by claiming they saw you at a protest, are you willing to risk that future? + If I could have told my self something, it would be this slightly modified quote from both Dave Ramsey and Will Smith. + +***"Don't spend money that you don't have, on things you don't need, to impress people you don't care about.”*** + +What do you wish you could have told your younger self and had followed through with? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I'm checking bitstamp daily and the price just seems to keep falling...normally this is due to a bad PR release for the currency, but I can't really see any reason it should be falling this much? Anyone care to explain? +Hi UKPersonalFinance, + +My partner and I are currently renting a £550 pcm flat on a nice development. We like the area and would be happy to put down roots here. A 3-storey, 3 bed townhouse has come up for sale a couple of roads over and we're quite interested and are viewing it on Saturday to see if it's something that could work for us. The development was built around 2007/2008. + +Our main concern is that putting a 10% deposit down and paying solicitors fees, surveyor costs etc. on this property will wipe out the vast majority of my savings. I will potentially have £2-3000 left over depending on solicitors fees and whether the vendors leave their white goods etc. My partner will have about £1,500 in an ISA. I also have a 0% credit card with a credit limit of £5000 for use in emergencies. + +I guess I'm just curious about how much everyone here had left over after buying their first house as you're all financially savvy. I don't really want to be stuck in a position where we buy a house and cannot afford to pay for urgent repairs. Also, if you were in our position, would you be comfortable going ahead? + +Thanks! + +Edit: The house appears to be in very good repair and is decorated how we like, there's maybe two kids bedrooms we'd want to decorate to something a little more neutral. My step-dad works for a flooring company so we get everything at cost. + +We also have about 90% of the furniture we'd need from our flat. The only things we'd potentially need to buy are white goods (if the vendors take them/won't negotiate) and wardrobes. + +We are also both in full-time permanent employment and have no dependents (unless you count 3 guinea pigs!) +I bought a single family home many years ago as a primary residence, with an associated mortgage loan. I lived in the house for a while and then had to move out so I converted the property to a rental property. I've been renting it ever since. + +I never made any changes to my mortgage -- so I still have the same mortgage I did when I bought the house. + +I am now thinking of putting the house in an LLC. However, the bank that has the mortgage says I cannot move the house/mortgage to an LLC, nor do they do mortgage loans for investment properties. + +I was going to look into finding a mortgage lender that will give me a mortgage for a house in an LLC. But as I was talking to some folks, I am being told I might not have to. Something about most banks not lending to an LLC and doing a quit claim to change the owner from me to the LLC? + +I'm just wondering what I need to or should do... +Title says it all. I have a few questions I am planning on asking (i.e. experience with real estate investing tax laws, some personal finance stuff, fees), but would like to see what you guys think should be added? Thanks in advance! +Guten Tag to this global band of Apes! 👋🦍 + +Apes, this continues to be an exciting week in GME. Ryan Cohen is going directly at the leadership of BBBY, with a clear focus on highlighting their tactic of bleeding the profits of the company while allowing it to degrade - no doubt because that is exactly what the predatory Short Hedge Funds want them to do. When there is enormous personal profit to be made by driving the company into the ground, why would the BBBY executive team do anything else? Ryan Cohen sees them for what they are, and knows that the right kind of pressure can effect change - the kind of change that he helped bring to GME. + +Meanwhile, this is about the worst possible scenario for the institutional shorts. They are already hopelessly underwater on their bets against GME, requiring huge amounts of focus to keep under control and exist for another day. RC Ventures opened up a completely new front in the battle - they now cannot ignore the risk that he is able to influence enough change within Bed Bath and Beyond to put them in the same position as they are with GameStop. The SHFs are fucked two ways now. Ryan Cohen's Diamantenhände are an inspiration to us all. + +Today is Wednesday, March 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$103.94 / 95,43 €** *(volume: 1169)* +- 🟥 115 minutes in: $103.92 / 95,41 € *(volume: 956)* +- 🟥 110 minutes in: $103.95 / 95,44 € *(volume: 935)* +- 🟥 105 minutes in: $104.21 / 95,68 € *(volume: 933)* +- 🟩 100 minutes in: $104.64 / 96,08 € *(volume: 933)* +- 🟩 95 minutes in: $104.36 / 95,81 € *(volume: 907)* +- 🟥 90 minutes in: $103.53 / 95,06 € *(volume: 891)* +- 🟥 85 minutes in: $103.63 / 95,14 € *(volume: 891)* +- 🟥 80 minutes in: $103.77 / 95,27 € *(volume: 811)* +- 🟩 75 minutes in: $104.09 / 95,57 € *(volume: 793)* +- 🟥 70 minutes in: $104.03 / 95,52 € *(volume: 703)* +- 🟩 65 minutes in: $104.12 / 95,59 € *(volume: 702)* +- 🟩 60 minutes in: $103.95 / 95,44 € *(volume: 543)* +- 🟩 55 minutes in: $103.87 / 95,37 € *(volume: 530)* +- 🟩 50 minutes in: $103.78 / 95,28 € *(volume: 527)* +- 🟥 45 minutes in: $103.76 / 95,26 € *(volume: 512)* +- 🟥 40 minutes in: $103.81 / 95,31 € *(volume: 511)* +- 🟥 35 minutes in: $104.19 / 95,66 € *(volume: 481)* +- 🟩 30 minutes in: $104.23 / 95,69 € *(volume: 289)* +- 🟩 25 minutes in: $103.50 / 95,03 € *(volume: 106)* +- 🟩 20 minutes in: $103.41 / 94,94 € *(volume: 106)* +- 🟩 15 minutes in: $103.37 / 94,90 € *(volume: 88)* +- 🟩 10 minutes in: $103.33 / 94,87 € *(volume: 86)* +- 🟥 5 minutes in: $103.14 / 94,69 € *(volume: 77)* +- 🟩 0 minutes in: $103.25 / 94,79 € *(volume: 38)* +- 🟩 US close price: $103.01 / 94,57 € *($103.30 / 94,84 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0892. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I currently work for a large construction company for their IT. I currently get paid $39,000 a year that includes basic benefits. I also must drive an hour a day to get to and from work. + +On Friday, I got offered a job that pays $60,000 a year (W2 and no benefits). I also will be working from home. + +Contacted my current employee HR and see if they could bump my pay up to $46,000. I will hear about it on Monday. + +I have never made so much money before. Not sure how the new salary without benefits would be. + +What do you guys think on the matter? +\*Trying this again, as auto-mod removed it\* + +&#x200B; + +Let me start by saying, no I'm not a Cardano shill, and I'm not telling you to invest in it; I'm simply using it as an example here to showcase that crypto is far more than a fun thing to gamble your money on. + +Cardano recently announced it's ambitions to help elevate underdeveloped nations, one way being that they want to "bank the unbanked". Essentially, give people access to more stable and substantial financial services, who would otherwise not have it. The impacts of this could be MASSIVE in countries that are often stricken with political turmoil and local fiat instability. This gives individual citizens, as well as bigger institutional investors a safer way to store their money if conflict or other variables threaten to devalue the local fiat. + +I addition to adding an option for more stable finances, they are also hoping to lay down a foundation for African nations to take advantage of. Imagine like an Ethereum network, but with a goal of letting underdeveloped nations have a chance to utilize the full capabilities of blockchain to improve the lives of their citizens. Once example was outlined in a deal between Cardano and the Ethiopian government. + +Ethiopia plans to use the Cardano blockchain to track student's progress in education, to determine how to improve said education. But just as with Ethereum and other similar networks, the possibilities are pretty unlimited. Something as simple as improving national education standards in Ethiopia would be a MASSIVE and EXPENSIVE undertaking that could never be afforded without the help of blockchain technology. And the impact of improving education could be astronomical. Seeing any movement like this makes me very happy, and very hopeful. + +My point is this: +Sure, crypto is a really fun hobby and money make for most of us. It is fun to watch the (green) charts, and read up on new projects. But lets not forget that the crypto-sphere is way more than an alternative to the stock market. Many of these projects are driven by extremely driven (possibly delusional sometimes) teams, with ambitions to make the world better for all of humankind. This is the reason I can handle the dips and red days without feeling too down about it; because I truly believe crypto and blockchain tech are the future. They will continue pushing the boundary, and could help solve some of our biggest humanitarian crises. So even if I lose some money on ambitious projects that didn't pan out, I feel good knowing that I am still an active part of bringing in a more positive future for humanity. + +Fiat currency has been ruined by corrupt government and greedy corporations; crypto will certainly have it's fair share of that in the near future. I just hope we don't lose sight of the possibilities it puts in the hands of the "non-elite" + +If you want to hear any more about the Ethiopia/education project, [here is a good article on it.](https://www.coindesk.com/from-paper-to-cardano-blockchain-iohk-in-ethiopia) +Am I missing something super simple here? + +What’s stopping the price of commodities going up another 5% to make up for the cost of a 5% increase to wages? Aren’t the price of the two correlated in some way? + +If this is the case then won’t we be back at where we started? +How do I memorialize the personal check in the MEMO line so that I minimize any potential risk to her? + +She’s my sister. We are very close. We did not draft a formal loan agreement. She used ACH (her bank to mine) every month to send me money. I promised her that I would repay every dollar when I got back on my feet. I’m able to repay her now. Do I need to write anything in the MEMO line of my personal check so that in the event of an audit, it’s clear what the USD250,000 check is for? Thanks. +I've been having trouble saving up for food due to bills and recently had two customers come in today and started talking to them a bit. I also had to help them with gas, after doing so, one gave me $20 and another $5. I was able to put some of it towards groceries that'll last a week before I'm able to go shopping. I'm not sure why I feel bad about it, but I really needed the food. +I just paid $270 for groceries that cost me only $100-$150 last year. That’s double. THAT’S FUCKING DOUBLE! “Inflation is 8.5%.” 8.5% up from what? Last week!? + +It’s literal class warfare. Food factories keep going up in smoke. Bill Gates is buying up all the farmland. Blackrock is buying up all the houses. Amazon’s products are getting shittier and shittier. BCG is actively ruining the American dream…. And the hedge funds are drowning in debt; over leveraged to the tits. + +I’m tired of all this bullshit. We have one fucking chance to fix it. One chance to balance the scales and punish their irresponsibility. Whether you’re here because of luck, brilliance, or your annoying buddy that wouldn’t shut the fuck up, it doesn’t matter. We have one chance to take back our lives. + +Hold until you see fucking phone numbers per share. This isn’t about getting your piece of the pie. This is about taking all the fucking pies that they’ve stolen and hidden away from the public for fucking decades. + +Warehouses full of delicious, life-fulfilling pies. I want to have enough fucking pies so that my great great great great great grandson can go grab a fucking apple pie whenever the fuck he wants. Or cherry, peach cobbler, rhubarb. I don’t give a fuck. He can grab a cake for all I care. + +Fuck I’m hungry. Is it lunch time yet? + +Anyway, I’m gonna hold until the price looks like a full fucking phone number. Do whatever the fuck you want but please don’t fuck this up for me. I want to watch them cry on the news when reality finally catches up to them. I want to watch Kenny and crew’s eyes go dead when each of them is sentenced. + +And Gary Gensler, or anyone else in the SEC, don’t you fuck this up for me either or I won’t rest until you’re charged too. +I just finished my watchlist after evaluating 300+ companies. It took me two weeks of full-time reading financials, calculate the maths and look up news around the companies for the last year. You don't have to take anything for granted, I'm not a professional analyst, just a guy with a lot of time and a decent look on financials. I'm not here for credit, I just think it might help some people and since it took a lot of time, it feels like a waste if I didn't share it. + +It's a lot of tech, but I feel like it's also the way to go, especially during this crisis. I'm mostly staying away from the financial and real estate, but will invest more when there's a more clear image on the situation later this year. Healthcare, Industrial, Military and Energy are very dependent on political changes, so I'm also careful with those. Anyway, here we go. + +**- ALPHABET -A-.** Cash king, enough to pay off all their liabilities easily. Very nice growth over the years, even when they're so big. Most of the times, you see blue chips / market leaders stagnate, but not Google. Advertising will take a hit and there might be restrictions on online privacy in the upcoming years, but they are still very strong armed to take on those setbacks. + +**- ARISTA NETWORKS.** Same as Google, very strong financials, growth and cash position. Only negative, is that they had a growth setback in Q4 of last year, but nothing indicates it's gonna keep on decaying. They will keep on gaining market cap from Cisco. Very innovative management team with experience in networking. They create high performance cloud networks for big datacenters. Microsoft and Facebook are some of their biggest clients. + +**- FACEBOOK.** This is double, I feel like next two years is a make or break for Facebook. On one hand, they still need to improve a lot on AI and control on fake news. They had (and probably still have) privacy issues as well and they will lose a lot of advertising revenue this year. On the other hand, Facebook is expanding a lot to different parts of tech. They have Oculus coming out for VR and they just started with FB Gaming. It's also not only Facebook, but they own WhatsApp and Instagram as well. To me, those are great companies at the moment and have an insane amount of users. Their growth over the past 5 years was close to 300% and they are also cash heavy. + +**- GALAPAGOS.** To give you some numbers: in comparison to 2017, they increased revenue by 469%, while expenses only increased by 111%. In comparison to 2015, numbers are 1391% and 253%. Their cash position is double the total liabilities and 10 times their expenses in 2019. You might say they're very ready to take on this crisis. On the operational side, they have multiple medicines in later trial phases and they're backed by biotech giant Gilead Sciences. + +**- INCYTE GENOMICS.** Another biotech company with great financials. They even reduced expenses since 2017, while they generated 40% more revenue. This year, 25% more hedgefunds have bought into Incyte, making it a total of 46 hedgefunds who own shares in this company. There is also 17,10% of the company owned by insiders, which shows they strongly believe in their company as well. The average insider percentage of all companies in my watchlist will be 6-8% + +**- LULULEMON ATHLETICA.** Steady growth. Cult-like following with their fitness programs. It's a real millennial staple. Very strategic store openings as well. I see a lot of growth potential, especially when they can get some celebrity athletes to wear their clothing. That will make their young and hip image even bigger. Quality wise, they are way better than giants like Nike and Under Armour, which will also result in better image and growing customer fanbase. + +**- MASTERCARD.** Very big profit margins (57% last year). One of the least best on financials in this list, but indispensable with a heavy growing e-commerce. Some might rather look at Visa, but I feel like Mastercard is more innovative. They invested in AI-powered authentication and cybersecurity. They are also more used by fintech companies, which is a sector that also will only grow the next 5-10 years. + +**- MICROSOFT.** No brainer. Biggest company in the world. Since their new CEO, they're headed definitely in the right direction. Microsoft changed focus from hardware to cloud computing. The cloud services are still in their early year, I see an enormous growth potential. Also very big usage of Teams. It's a personal opinion, but with those quarantine restrictions, I feel like a lot of companies will realize letting their employees work from home has a lot of financial advantages, which will result in sale of more virtual working devices. + +**- NVIDIA.** Market leader on semiconductors, making chips that process AI mathematic operations. They didn't grow that much in the last 3 years, but they are very cash heavy and ready to invest in the future. They are invested in all the big things for the future. Cloud, data, AI, gaming,... Some say GPU's are the best investment for the next 5, 10, 25 years, since you will find them in literally everything. For example, it will become an essential part of self-driving cars. + +**- VEEVA SYSTEMS.** One of the youngest company in this list, specialized in cloud computing in the pharmaceutical and life sciences industry. Best of both world if you ask me. It's revenue is mostly based on subscriptions, so there are almost no surprised there. That's also the main reason why this stock is so expensive. They have beaten revenue expectations for 20 quarters in a row now. Innovative CEO, who will keep on searching to diversify and growing, getting more into data and programmatic advertising. Financial wise, they also have enough cash to pay off all their liabilities and to get through at least one year without any income. + +One last thing: These companies are picked based on financials and future outlook, I didn't take value into account. I know companies like Lululemon Athletica and Veeva Systems are expensive, quite overvalued. I'm not buying into them right now, but maybe in the future. + +Hope it helped at least one of you out there, enjoy the Easter weekend! + +TL;DR. Stonks only go up. +GameStop Corp. is launching a division to develop a marketplace for nonfungible tokens and establish coin partnerships, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business. + +The retailer has hired more than 20 people to run the unit, which is building an online hub for buying, selling and trading NFTs of virtual videogame goods such as avatar outfits and weapons, according to the people. The company is asking select game developers and publishers to list NFTs on its marketplace when it launches later this year, the people said. + +GameStop also is close to signing partnerships with two coin companies to share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects, the people said. The retailer expects to enter into similar agreements with a dozen or more coin companies and invest tens of millions of dollars in them this year, the people said. + +Grapevine, Texas-based GameStop has been working to reset its business after years of losses. The company was at the center of a stock-trading frenzy last year that dramatically boosted its share price, which rode a surge in interest and optimism from individual investors. Many saw potential in GameStop despite the pandemic’s negative impact on foot traffic and even though consumers have been increasingly opting to download and stream games over the internet, rather than buy the kind of hard copies that the company specializes in selling. + +Last year, GameStop overhauled its executive team and board of directors, naming activist investor Ryan Cohen as chairman. Mr. Cohen, who co-founded online pet-products retailer Chewy Inc. and sold it for $3.35 billion in 2017, has been pushing to make GameStop more tech-centric. + +Edit- Have seen comments on this news being a smokescreen as a cover for shorts' FTD cycle covering, which indeed make sense and I don't disagree with them. +Being a January ape my advice to newer apes is to NOT expect anything significant to come from earnings. We may get confirmation bias that our favorite company is thriving but price movement wise we may stay stagnant if not fall as they usually manipulate it to. The way this ends is either via DRS or RC releasing a bomb on the HF’s or any other major catalyst + + +Edit: [Yay got my first shill message!](https://i.imgur.com/gWYv9BV.jpg) +I see a lot of people excited about cryptocurrency buying into these low prices. This is a generally good strategy, but I would posit this is not a good strategy for Bitcoin. Bitcoin is an asset we really don't understand. Further, it's not the only asset of its kind, and MOST IMPORTANTLY, there are FAR better alternatives already in existence. + +Trying to dollar cost average on Bitcoin could very well end up with you not only trying to catch a falling knife, but repeatedly stabbing yourself in the foot with it while several of us around you happened to put our money in newer technology. + +All I'm trying to say with this post is this: + +This could very well be the beginning of a major move away from "silly" money (pouring billions into Bitcoin, something that is worth what it is ONLY because it was the first, and for literally no other reason), and very much so a move towards investing in projects with better technology. If this is the case, which I suspect it could be, those of you deciding to hold onto Bitcoin could have an extremely unpleasant outcome. + +Edit: People calling me an idiot, asking if I'm being sarcastic. I'm truly not. If you haven't looked into the many interesting projects happening in this area as we speak, I suggest you do so. If you think that Bitcoin adds a value proposition that none of the other "coins" can offer, please enlighten me. + +Edit2: I'm a computer science guy who enjoys graph theory and cryptography; I actually read the whitepapers most of you gloss over. I'm not saying this as a "Bitcoin hater", but rather as a technology and theory enthusiast within the space. + +Edit3: BILLIONS of dollars are being sucked out of the market as we speak. The market cap is currently only at 300 billion dollars. It was over 800 billion at one point. The cryptocurrency space is vastly different than it was one year ago. When this money re-enters the market, it may not be in a similar manner as of last time. + +Edit4: Market cap is not a 1-to-1 pairing with actual invested fiat. Market cap = price of coin * shares in existence. I should have clarified further, that not only is the market cap rapidly dropping, but if you look at the past few days, billions of dollars are being removed from the market as we speak. + +Edit5: I've had to comment in response to many mentions of the price correlation issue. I would expect that the introduction of more fiat/crypto pairs will lead to a reduction in price correlation to Bitcoin. Most alternatives are only available through non-standard means, and so one must go through bitcoin, ethereum, litecoin, or bitcoin cash (Coinbase availabilities) to get coins offered on binance or other crypto only exchanges. This is one of my biggest concerns in cryptocurrency at the moment. + I compiled a list of websites for most of the accelerator chips companies that Brainchip's Akida has to compete with so you guys can do your own DD: + +[https://www.simplemachines.ai/](https://www.simplemachines.ai/) [https://www.intel.com.au/content/www/au/en/research/neuromorphic-computing.html](https://www.intel.com.au/content/www/au/en/research/neuromorphic-computing.html) [https://sophon.ai/](https://sophon.ai/) [https://aws.amazon.com/machine-learning/inferentia/#:\~:text=AWS%20Inferentia%20is%20designed%20to,learning%20into%20their%20business%20applications](https://aws.amazon.com/machine-learning/inferentia/#:~:text=AWS%20Inferentia%20is%20designed%20to,learning%20into%20their%20business%20applications). [https://etacompute.com/](https://etacompute.com/) + +And for BRN's Akida chip: [https://doc.brainchipinc.com/](https://doc.brainchipinc.com/) + +Right now, BRN is the only company in Australia which manufacture this type of chip. + +Also, there are some good papers which talk about or implement BRN's Akida chips: + + [https://arxiv.org/pdf/1908.11348.pdf](https://arxiv.org/pdf/1908.11348.pdf) + + [https://www.mdpi.com/1424-8220/19/22/4831/htm](https://www.mdpi.com/1424-8220/19/22/4831/htm) +Despite making good revenue in financial year and crossing 100k active traders, this is bleeding like hell, can someone explain what is going on? I am down 50% Still hodling though because they have big plans for next year, introducing crypto trading and other features. + +https://preview.redd.it/zjvwluqoznj71.png?width=1080&format=png&auto=webp&s=d13e0c7819d880c38b250668bdb192f94bdb9e7a +On paper the company looks like it’s doing well and the below points indicate the company is performing, but the market depth / sell off are saying something different: +- Turnover increasing by 371% to $96.7 million +- Revenue increasing by 233% to $67.3 million +- Normalised earnings before interest, tax, depreciation and amortisation (EBITDA) of $9.6 million (FY20: $2.8 million loss) +- Normalised net profit after tax of $4.9 million (FY20: $5.1 million loss). + +Noob to shares, am I missing something in the numbers? +Where do you all source your information from?? Obviously this forum and seeing ‘🚀🚀🚀’ means guaranteed gains but how are you finding out about the likes of ZIP, NVX, LKE, RAC in the first place?.. + +Like anyone with a Year 11 economics background I hopped in after the Covid crash making some solid coin on blue chips. Then fell down the ol reddit rabbit hole and stumbled across this place (which is great) but still have no clue where everyone is getting their info from and what sways them toward investing in a penny stock? +First of all a lot of hidden fees. So my parents bought it for $5k and $150 for renewal fee each year for 10k points. The issue is that many hotels at the minimum require about 20k points on the low estimate. I seen some of them up to 70-100k points. That means I would have to buy it and hold on to it for a few years just to get a hotel. Mostly because of points inflation 10k points might seem like a lot but after every year hotels require more and more points to book them. There is also many hidden fees like $30 a year just to keep onto your points that you already paid for! And also every time you book a hotel it'll cost you a $300 transaction fee. To show you how bad this is I tried to book a week in Bali. By the time all the fees have added up the it cost $500 to book it via the RCI website with all the points paid for. It gets worse because that same hotel in Bali charges $50 a night if you book it through them which is $350. You are literally paying more for the hotel by paying it with your RCI points. +ComputerShare is the way. + +Edit: Wow this was swarmed with anti DRS and anti CS comments fast. Must have struck a nerve. + +Yep, I know... you've been inundated with CS postings recently. This may feel similar, but it's very important you understand this, and how it impacts your holdings during MOASS. The screenshot below has a very real and direct impact on your shares should the entire market (including your broker) collapse in a total market meltdown. + +Posting for visibility; credit to u/drnkingaloneshitcomp for finding [this Investopedia page](https://www.investopedia.com/ask/answers/185.asp) giving insights into the liabilities of brokerages and "Street Name" assignment for stocks. + +======= In a Nutshell ======= + +**TL;DR** \- If you own shares at a brokerage then your shares are "Street Name" registered. Regardless of what your brokerage tells you about ownership of these shares, they can (and do) lend your shares out, to make money. When MOASS kicks off, it is possible brokerages will fail, along side hedgies, banks and the DTCC. In the event your brokerage goes under, lent shares can go poof and are insured up to $500K on the total bokerage holdings. DRS shares can't go poof. + +**TA;DR** \- if you paid your broker to buy/keep your banana(s) for you, they likely promised them to others too, and if there is a run on bananas, you will only get an empty peel in return, and not your banana(s) back. If you saved your banana(s) in our name you are protected for the value of each banana. + +======= End of Nutshell; More Details ======= + +If you own shares at a brokerage (Fidelity, Vanguard, eTrade, etc...) then your shares are **Street Name** registered. Regardless of what your brokerage tells you about ownership of these shares, they can (and do) lend your shares out, which shorts borrow to do what they do to the price of GME. The brokerage motivation in doing this is simple; to make money while juggling the shares of all their clients on their books. The big picture thesis of this collective community is that there are many multiples the float of GME out out there. That is to say, for every legitimate share, there are 2, 10, 20, or 100 IOUs floating around out there. Much of this, is likely due to the lending of shares brokerages engage in from street registered shares they hold on behalf of their clients (you). + +&#x200B; + +https://preview.redd.it/3z2odei13wo71.png?width=1483&format=png&auto=webp&s=54c4890d7e0da3febb10dfe9278c76ce071f4929 + +[https://www.investopedia.com/ask/answers/185.asp](https://www.investopedia.com/ask/answers/185.asp) + +FWIW, if you have 1 or more shares of GME and your floor is greater than 500K, then you are what this screenshot is referring to as "high-net-worth individuals and large organization" + +Until I stumbled across this posting from Investopedia, I assumed that my shares (whether legit, synthetic, naked or otherwise) have to be bought back in MOASS. I thought that it didn't matter if I had a real share or a fake one -- that to me there is no difference, because that's the brokerages problem not mine. However, that might not be the case when brokerages fail. In the event brokerage shenanigans that lead to IOUs of shares that are promised to multiple people, it's possible (and most likely) these IOUs just vanish in a brokerage failure, because no one else is liable (not the DTC, not other brokerages) - they were owned by the brokerage on behalf of you, after all, and the now failed brokerage is gone. So who is on the hook for your value, in this case? The SIPC, to the tune of $500,000 in total. And that's not per share... that's per account. This is the risk of allowing someone else to manage your shares, on your behalf. + +Here is another article on the topic: [https://budgeting.thenest.com/lose-shares-broker-goes-bankrupt-23338.html](https://budgeting.thenest.com/lose-shares-broker-goes-bankrupt-23338.html) + +https://preview.redd.it/rwe91a2rfwo71.png?width=1646&format=png&auto=webp&s=7a7ac82701d0a0992f274670c3f85d1c3facdaff + +https://preview.redd.it/qbwx2lx0gwo71.png?width=1562&format=png&auto=webp&s=937cc4fea7a46ad302a38e9c4e9a6f65d3648775 + +# Conclusion + +All this time there has been a concerted effort to sew fear and doubt in transferring to CS, while the biggest liability in a total market meltdown may actually be keeping too large a portion of shares in a brokerage (registered to Cede, not you). If lent shares cause the entire system to collapse, your brokerage may default on your shares, and your ownership in GME can vanish. DRS shares, can't vanish when a brokerage who holds them on your behalf does. + +This is not financial advice. + +I am not telling anyone to do anything with their shares. + +Please do your own due diligence. + +Be kind to one another. + +Ape. Strong. + +Edit: intro + +Edit: For the record, I don't think a Vanguard or Fidelity would go down, they are an example of too big to fail (if there ever was one), each managing close to or over $10T in assets. But it's worth noting what could happen should brokers default. Just because liabilities can be sold off... why in earth would someone else take on the liability of 1Billion fake shares on books, if they were there from lending (brokerage on the hook should those who borrowed go under). + +I just don't want people to have a false hope their "street name" shares would be covered or picked up by someone else, like many of the smaller brokers like to say. In theory, that's a nice sentiment, in reality... who is going to take on the toxic mess of GME fakes that could also lead to their own demise when liquidations suck the entire market dry from infinite potential losses on the short side... + +======= + +Lent shares from brokerages put them on the liability chain after those who borrowed are liquidated... with infinite potential for losses, there is infinite potential for testing the solvency of those in the liability chain. Will a brokerage with $10T in assets under management go under from MOASS, if they are in line for liability to the phantom shares they are on the hook for being a part of creating? That really depends just how high the floor goes and how much money is required to buy back the bad bets. $10T divided by infinite is under 1 share, to sink any brokerage. If the top 100,000 shares sold for $100M, then the liquidations of those on the hook for that infinite loss potential would surpass $10T. + +Is Fidelity or Vanguard going to fail from the size of what's needed to repay during MOASS? That depends how much the long side of MOASS actually needs... + +No I don't think large brokerages will fail, but I do think small ones will, and no one is going to willingly take on that liability to step in front of the infinite loss potential from their bad liabilities (GME shares on books that aren't actually there to return). So how will those people be made whole? It's worth discussing and looking into. The SIPC insurance seems like a conduit that would likely be deployed in that case. +We always have stories here of making it, now I want to ask if you have any stories about how someone lost it all (so we can avoid that) I recently was listening to a Tim Ferris Podcast with Jamie Foxx and he mentioned Mike Tyson went Bankrupt (apparently his also never been happier) but I find it crazy how some people can even spend that much money personally (if he invested it well i assume the gains itself will cover some spending) Buy got me thinking about the actions that being about losing all your fortunes! + +Share any you know personally or anecdotally! +Don't get me wrong, economic recessions and depressions are not good. But that isn't what I mean. Think of December 2018, economy was "fine" (i.e. there wasn't a recession nor depression) but markets fell substantially. This is the scenario I am talking about. + +Unless you're hoping to get rich quick, bear markets like the one I described above are probably the best thing for long term retirement planning. This is because when markets are down, expected returns go up. Not to mention your cost basis becomes very low so when we hit ATH again, you are at a much better position to be capturing those returns. + +Imagine between 2000 and 2010 you build a portfolio of only $SPY with a basis of $100/share with something like 1000 shares. The gains over the 2010s would be amazing! 3.3x before dividends (if we ignore the coronavirus crash) in 10 years! + +Edit: I don't market time, but people say that bear markets are always bad, when there are scenarios where that ain't so like starting to invest at a young age. I also want to clarify that I am not talking about economic recessions, just bear markets. +I recently purchased an apartment for myself to live in and it's due for settlement in 10 days. Today, the loan bank rep suddenly said: "Oh my boss just said your borrowing amount exceeded our quota this month, so we'll have to let you borrow $30k less." (or something like that) + +My mortgage broker said this is the biggest fuckup on the bank he's seen in his career because my loan was unconditionally approved 2 weeks ago. But going back to the bank, disputing this decision will likely take longer than 10 days so this probably won't work. + +My options, according to my broker, now are: + +1. pay $30k more upfront and get less tax return (about $300 per year) in the future when I turn this into an investiment property. (Capital Gains Tax) +2. find another bank to settle the loan within 10 days with a much worse fixed rate +3. find another bank to settle the loan within 10 days with a variable rate, then look for a third bank with a good fixed rate within the next few months + +So option 1 is $30k upfront into the deposit + long term $300 loss. Option 2 means for the next 2-3 years I lose around 0.3% pa of the loan (about $1000 more interest to pay pa during the fixed term). Option 3 means I'll pay a very high rate for 1-2 months until I find a good deal. + +I would probably choose option 3 if these are my only options. So my actual question is, are there other options for me? + +Thanks +Just a reminder of what a coincidence it was that we had 4-5 massive FUD bombs dropped within days of eachother. They literally brought the boat back. + +One day later billionaires are endorsing bitcoin again after their bags got stuffed. + +Stop worshipping ANYBODY and stop being such a fuckin pussy of a human by following their every word. Elon will return to bitcoin and Micheal Saylor WILL eventually turn on us.... they are in talks right now as this is being posted. They want your coins and these billionaires could care less about you and your family. + +The Wyckoff strategy was deployed and it still might not be over, but shame on you if you make the same mistake twice. Use your brain and learn to think for yourself. +I have already maxed out my kids’ 529s (up to the point of 4 years of public school) and now there’s a good chance they may not even go to school in the US (or other places 529 money can be used), so I’m thinking about opening UTMA accounts for each kid. To be clear, this money would not just be for college, but giving them a bit of a headstart on general savings and more of a backup plan in case they don’t go to a US school. My question is a UTMA the best thing for this or should I be looking more at things like trusts or something else I’m not considering? + +If the amounts matter, I’ll probably start them with $10K each, invest in something like VT, and then grandparents might gift some to them for birthdays and such. I want to give them a leg up, but not so much they have no work ethic. + +The disadvantages of UTMAs I know about: 1) counts against financial aid (but I’m assuming we probably wouldn’t qualify anyway and again might not even be in the US), and 2) full access at 18, which might be a little young depending on their financial maturity. Neither of these are too concerning, but something else I’m missing? +I’m a partner in a small venture capital firm, with a focus in the aviation and aerospace industries. I wanted to speak to this community to better understand retail investors perception of venture capital, and it’s relevance to individuals’ portfolio construction. It’s in the alternative investment class, similar to real estate, and would ever replace an equities portfolio, but provides and opportunity for significant upside and compliment to a portfolio, if done correctly. We have raised numerous SPVs, which allows any investor (within a ratio of accredited vs. non-accredited) to participate in this investment class. It’s not just for the wealthy, and provides great opportunities to take advantage of the tremendous value creation that occurs at some companies when private. I’m wondering why it’s not a more mainstream investment topic, and wanted to hear some thoughts from this community. +Been bitcoin lurking since 2011 and done the good old 'naah, it'll probably crash, no point buying' at every single ATH since. Finally unfudged myself and got in a couple months ago. And what a fun, sexy time it has been! + +Anyway, I also found out that it is a great and reeeally motiving way of quitting smoking. I used to smoke for around 10 euros a day (a pack is quite expensive here). + +So i put it in the magic internet money instead. It really adds up fast: 10 x 7 x 52 = almost 4000 euros a year. + +If the bitcoin rally continues, then great. I could use a couple of years on a yacht sipping pina coladas down the line. If bitcoin crashes and burns horribly, no problem. I'd still be just as poor and a slave to the man, but hopefully cancer free and with way better breath. + +This turned in to a bit of a rant, but keep up the good work and HODL. Love the forum! +I'm lucky to be in a position of liquidity now where I can invest in some alternative asset classes that I had previously ignored like VC, PE, and hedge funds. Unfortunately, my personal network doesn't extend very far in these spheres. My banker suggests deals for me occasionally but I haven't pulled the trigger on them. Frankly, I don't think I'm being offered close to the cream of the crop. + +I want to invest $5M-$15M in alternative assets (depending on risk profile of what I choose, correlation to existing portfolio, etc.). I'm thinking maybe a VC fund of funds, for example, may be worthwhile (despite extra layer of fees) if I could get in touch with a great one with great access--since I don't quite have the liquidity level to diversify sufficiently via direct investment in each segment. Same possibly applies for PE and hedge funds and so on. + +How did you all get access to these investment classes? Any tips for my situation? Thanks! +Current: 3M NW + +Target: 5M NW + residence + +Recently gave up my $800k+ job to focus my time on fitness, friends and family. I figured worst case is returning to a $500k job in a couple years if things don’t work out. Obviously, there’s a lot of anxiety around it, but there’s also a good amount of excitement. +Hello, + +Please remove if I am violating rules. + +I recently received 3 letters in the mail from Bank of America stating that they were going to be closing ( person on the phone called it BLOCKING) my 3 credit cards. The card stated that I had repeatedly attempted to make payments that were returned for insufficient funds. + +I just made payments to all three accounts three days ago, but I had not checked my statements electronically. I just made the payments without looking at previous transactions online, and the balance reflected looked right on all three cards. + +Here is what I found out after doing digging. + +- One of my cards had two "ATM Payments" made to the account. one payment on 3/15 for the sum of $380.00 and the next on 3/23 for the sum of $800 dollars. I did not make these payments at an ATM. BofA was also charging me 27.00 for the returned payment. + + +- The other two cards did not reflect any suspicious activity; however, BofA still closed those accounts as well. + +- My Fiance and mylself are both on the account for the credit card that had the suspicious payments. We used the credit card after the insufficient payments on 3/27 for the sum of $90 at a restaurant and the transaction when through. I also immediately made a $90 dollar payment on the card after swiping it because I wanted to get points for the transaction and pay the dinner bill off. + + +When I recieved the letters in the mail, I franticly started looking for my credit card, and I realized I did not have it in my possession, and the card we swiped for dinner the last time we used it was my fiances' copy of the card. + + +I assume I lost my card, it was found, and somebody attempted to use it at an ATM; HOWEVER, the attempted to make a payment on the card of rht sum of $380 and $800. + + +Why would anyone find a card and attempt to make a payment on the balance of the card? They didn't attempt to buy something with my card, they attempted to make a payment to lower the balance of my card. Is there a scam I am missing? + + +I am confused by this. I am calling BofA tomorrow after speaking to two reps who stated I would have to call an Existing credit line that Is not open at the moment. I believe that BofA probably attempted to call my phone to alert me; however, i was not answering odd numbers because I signed up for information on a couple of sites inquiring about MBA programs at some schools, and they have been calling me non-stop since. + + +TLDR: Somebody found my credit card and attempted to make to ATM payments on the balance of my card. BofA shut down all my credit cards as a result. + + +EDIT: My checking accounts has the funds to cover the $380 payment and $800, so I have no idea where they were attempting to pull funds from. +After I heard this Planet Money podcast, I deleted the DOW from my stock app. I had *no idea* how useless an index it is. I knew that it tracks a relatively small number of companies (30), but I didn't know that they are represented in the index by share price ignoring market cap. One company going up a point might be 10x the percent impact compared to another company going up a point, but in the DOW a point just counts as a point? Really? Wow. Podcast worth listening to: http://www.npr.org/sections/money/2017/01/04/508261371/episode-443-dont-believe-the-hype +She grew up in a family with very bad money management skills. Always pushed her to go to school "no matter what". + +So she we to art school and got BA and MA for a total for ~180k. She had no idea how bad this was because she never dealt with money. + +After she met me she learned and realized how bad of a situation she is in. I just finished paying off my $70k loan. + +She has no job, never found a job in her field, and likely never will the way the industry is going with outsourcing. + +She started a non-profit job hoping for PSLF. But this post scared the crap out of us: http://twocents.lifehacker.com/what-to-do-about-the-worsening-student-loan-debt-situat-1794054841 + +We haven't married because of her loans. We haven't bought a house. We can't have a life because of bad decisions she made when she didn't know what she was getting into. + +Is there anything else that can be done? +I recently accepted a job where I will be making 6 figures for the first time in my life. No salary I have had before even came close to this one and nobody in my family has ever had any type of financial success. (That’s putting it nicely) + +Any general advice or tips in terms of managing finances? Anything I for sure need to be doing 401k wise or anything really? + +Thanks for any advice in advance! + +Edit: wow, thank you everyone! I will make my way through each reply. +I was married in my 20's and divorced (cleanly financially) a few years ago. I have 3 CCs (11-16%) totaling $39k. I also have a private loan with $30k on balance. I pay mortgage ~$1500 inc tax/ins. + +For retirement, I was in the service and had a TSP plan, which the account has been dormant for a long time. After I got out, I got a gov contracting job and that gave me a 401k, which has been dormant for over 5 years now. I got another job and have a 401k with them currently. I also contribute to a Roth IRA with USAA. I would like to roll up everything except current 401k into a Vanguard account but not sure what best to do. + +My net income a month is $7200. Should I get a CFP? I think it could be worth it but they may do things I don't want to happen in the end, so I am kinda hoping I can get some guidance/direction here. I know I need to be focusing on my CCs, but have had a rough past 5 years so have been ignoring them. + +edit: I also have some minor stocks, mostly ETF's and some in stocks. $3800. +I recently accepted a job where I will be making 6 figures for the first time in my life. No salary I have had before even came close to this one and nobody in my family has ever had any type of financial success. (That’s putting it nicely) + +Any general advice or tips in terms of managing finances? Anything I for sure need to be doing 401k wise or anything really? + +Thanks for any advice in advance! + +Edit: wow, thank you everyone! I will make my way through each reply. +I'm 23 and moving from a 60k job to 100k with potential to move to 120k after one year. I try to live frugally and save everything I can. + +After this change, my girlfriend is pressuring me to spend more on myself, vacations, better housing, dining out ect. I'm worried about lifestyle creep as I see this as a real opportunity to invest early and set myself up for success. + +What's a realistic savings goal that I can say 'at the end of the year, I need to put at least X away'? On top of that, I'm wondering if buying a home/ paying off her student loans/ investing makes the most sense. I just don't want to screw up this opportunity. + +EDIT- I should have clarified I would only pay off my girlfriends student loans if we got married and that became my debt as well +[https://moneywithapurpose.com/professional-property-manager-or-do-it-myself/](https://moneywithapurpose.com/professional-property-manager-or-do-it-myself/) +Unsure if this is appropriate here, but it seems to fit… + +I’m a single 36M no kids, so there’s no one else to worry about but no support either… + +I’ve got at least 6 months of an EF, and can stretch to close to a year by tapping things like vacation funds and lowering lifestyle… + +Slowly been accumulating non perishable food and other necessities that don’t go bad while I still have income…have been looking into health insurance as an unemployed individual, but am unsure what else I should be trying to account for… + +I’ve got a college degree and a decade of retail management…so while I do feel confident I could find something, even if just part time, I do want to consider this could be a 3-4 month process… + +Thanks… + + + +Edit: thanks to all that have responded, way to many to get back to, though I’m trying… + +You’ve all definitely given me a lot to think about and more importantly many have made me feel encouraged… +Hey guys. Just looking for possible feedback / second opinions regarding this trade I'm interested in doing. Thanks in advance for any and all opinions regarding this. +\*\*\*EDIT: I KNOW 12/13 and 12/14 are wild days this coming week. I don't plan to to trade the below just used it as an example, lets pretend JPOW and CPI don't exist for this post and focus on the odds and expected return calculation.\*\*\* + +I have a card counting background and play with an average 1-2% edge over casino. The expected return for a Blackjack trip is Hands Played \* Average Bet Size = Volume At-Risk; Volume At-Risk \* Edge = Expected Trip Profit. There are also formulas (Ex. Kelly Bet Criterion) to minimize your risk of ruin (ie. Blowing up Account) while maximizing your bet size to optimally grow your bankroll. + +Is it appropriate to consider the potential profit and bet sizing from selling defined risk options while profiting from their decay in a manner similar to how one sizes E(r) and Risk of Ruin for a trip? + +&#x200B; + +[Example: SPX IC 12\/13\/22](https://preview.redd.it/a7nwpmxja75a1.jpg?width=586&format=pjpg&auto=webp&s=a2b1389ef1ad18720c2e145f00276e06b4d5dc09) + +If the above 12/13/22 SPX IC were the odds of a blackjack hand I would consider the E(r) as follows; assuming binary outcomes (Max gain or Max Loss) while holding to expiration: + +* Expected Profit per trial is $3,715 +* Expected Loss per trial is -$3,035 +* Expected Return per trial is $680 or 11.2% on Risk + +Since there is a positive expected return, all else equal (I know market conditions change) if this IC was sold multiple times one may end up with an \~11.2% return on at-risk volume at the end of the year which seems realistic on its face. +(I'm reposting this here, since it was unapproved on r/algotrading) + +I was surprised to see my account value up $22,000 at today's close. It was all on my call spread on XLRE 11/18 calls. + +The 47 call had a last trade of 0.17, a bid of 0.00, and an ask of $4.80. Schwab took the mean of bid and ask, got $2.40 and applied it to my 100 contracts. + +The Dreaded $4.80 Ask again! + +About a dozen other near worthless puts and calls showed an apx. $4.80 ask. Obviously totally phony, but who is doing this? + +Is it some hedge find trying to screw unsuspecting traders who do a BTC without a limit? This has been going on for several months, and it screws up my programs. I've fixed my programs to avoid the problem, but apparently Schwab doesn't. + +I find it most in the Sector ETFs, and it's not Always $4.80. That's the most common, but it varies from $4.5 to $5.0. + +Does anyone here know how to access the book of bids & asks to see what's going on? Is it kind of a flag someone's using to show that there are no ask prices? + +Are other brokers as clueless as Schwab, and show and use the bogus numbers? + +Could people here take a look at XLRE 11/18/22 47C on their brokerage and see if it shows there too? It shows on the Yahoo finance page. + +The way I cleaned the data in my programs is if the bid is 0 and the ask is >= 4.0, I use the last price instead of the mean of the bid and ask for my calculations. +I'm doing wheel with /MES with 30+ DTE and now im considering doing 5DTE because i see that weekley return is much more than monthly return. Am i missing something ? I selling at-the-money covered calls and cash-secured-puts +I'm doing wheel with /MES with 30+ DTE and now im considering doing 5DTE because i see that weekley return is much more than monthly return. Am i missing something ? I selling at-the-money covered calls and cash-secured-puts +Title basically. Currently wheeling these: + +PLTR +CRSR +FUBO + +All of which I would hold long term. Shopping for a few more. + +Also been selling CSP's on O at $57.50 strike for months and yet to be assigned. Making \~20% year return vs the 5% dividend with buying and holding. Happy to hold O long term also. +Need some advice. I am contemplating if I should pay off the mortgage on my rental house or put the money towards some other investment (does not have to be RE related.) I have $70k loan balance, 15 years remaining at 6.125% interest. If I pay it off now I would save about $40k in interest. Current rent is $800, mortgage payment is $610. Without a mortgage I would have about $7300/year additional income ($610 x 12 months) which is about 10% ROI. Is there anything I can do with $70k that will give me more than 10% return guaranteed without having to do much work? +I’m from MA. I’m looking at buying a 4 family in the Boston area. I’m thinking Roxbury, Everett, Chelsea, etc. How would I go about finding a good agent that will help me look for a good investment? +my boyfriend has an interesting stance on student loans, hes just finished a seperate masters degree and now has masters and undergrad loans. his stance is there is no point trying to pay off student loans and that you can do more having that money available to spend and just pay what you need to. the idea being that that is the tax on getting educated that yu must pay that ammount every month but other than that theres no poit trying to pay the loans off faster cos they dont affect credit score and are written off in 30 years anyways. in this situation is there any reason to pay more to try and pay off student loans? or just pay the minimums where either youll be earning so much its inconsiquential or just just some regularly bill you have to pay for 30 yrs, especally since its deducted from pay direct + +&#x200B; + +edit: i too have undergrad loans its just his stance which differs from my parents in that regard +Special shoutout to /u/UnempRetardaddy, who inspired me to write up this explanation. Unfortunately, WSB investors have picked up some half-truths with limited information, and are reaching a whole bunch of incorrect conclusions which they're using to justify advice to other traders. BAD MONKEYS. + +&#x200B; + +TL;DR: + +* Short attacks are real +* Short ladder attacks are not +* Any stock that falls 10% in one day (edit: compared to prior days close) is placed on a short-sale restriction for the remainder of that day and the next day +* Short-sale restriction *doesn't* prevent short selling +* It *does* effectively prevent short attacks +* GME was short-sale restricted today, which is why no short attacks could take place to drive the price down. All downward price movement was caused by shareholders. + +&#x200B; + +Let's go into detail: + +&#x200B; + +**Are Short Attacks real, and what are they?** + +Yes. A short attack is simply selling so many shares short that you drive the market price down due to oversupply vs demand. *This works the exact same way as if a shareholder was selling their actual shares, and not borrowed ones.* + +Let's imagine that a bunch of shares are all sold at market price at once. What happens? + +Since they are sold at market price, they automatically meet the bid price offered by the highest bidder in the marketplace, then the next highest bidder, etc. As long as more shares are being sold than there are orders at the highest bid price, then the sale will continue to the next highest bid price, which drops the market price of the stock (market price simply being the last price the stock was sold at). + +If the current highest bid is $100 a share for 100 shares,and the next highest bid on the books is for $99 a share at 1000 shares...Then to drop the market price down $99, I need to sell 100 shares at market price.And if I want to drop the market price down past $99 (to whatever the next highest bid is), I need to sell 1100 shares. + +&#x200B; + +**What are the risks of launching a short attack?** + +When a hedge fund tries a short attack, they are taking a risk that there is more demand to buy shares at current market price than there is supply of shares they are willing to short sell. + +If Melvin tries to short 1 million shares at $100 market price, but 10M shares worth of market price buy orders are immediately placed because people see the price dropping and want to buy the dip, then due to high demand vs supply the share price will go *above* $100, and now Melvin is in the red on their short position. For a real world example of this happening, see TSLA throughout 2020. + +&#x200B; + +**What makes a short attack successful?** + +* Low trading volume - if there aren't a lot of buy orders on the books, there are fewer orders to meet at each price point, and fewer shares need to be sold to drive the price down.*For example: Thurs 1/28, when brokerages halted buying and artificially reduced demand* +* Large supply of shortable shares - there are only so many shares for a company, and only so many of those that shareholders are willing to lend out for short selling. A short seller needs a large enough supply to (temporarily) overwhelm demand.*For example: Despite shorts available for GME being at or near 0, MMs were (legally) allowed to 'naked short', creating artificial supply which allowed hedge funds to short sell at the $500 peak on Thurs (and yes, its as unfair as it sounds)* +* Paper-handed bitches - This is the real key to success. If actual shareholders notice the price dropping and decide to sell as well, it creates a compounding effect, where supply increases even more, and price drops even more, and even more people decide to sell. This can also be caused by price drops triggering stop orders, as well as triggering margin calls by driving accounts below margin maintenance. +* Psychological manipulation - This is a corollary to the previous point. If every shareholder had a sense that the price drop was only due to a short attack, they'd probably hold. But if they see news stories saying shorters closed their positions, that everyone is switching to buying silver, that brokers are halting buying and no one can help drive the price up... well, it makes it a lot easier to justify selling. + +For the greatest example of all four of these elements at work, see GME between last Thursday and this Monday, between the brokerage restrictions (and the Market Maker margin reqs behind them), the media misinformation campaigns, the incredible abuse of naked shorting in the name of 'market liquidity', and the reality of the bull side being a lot of retail investors without deep pockets who overextended at high prices and didn't have enough collective reserves to buy the dips, so they ended up selling. + +&#x200B; + +**Are Short** ***Ladder*** **Attacks real?** + +The claim behind a short ladder attack is similar to the Short Attack described above, with the added flavoring that colluding hedge funds are just selling back and forth to each other. This is impossible. + +Note, per above, that *short attacks* are quite real. What makes a short ladder attack nonsense is the belief that hedge funds can direct who their sell orders go to, or that it's possible to constantly bid a price down in an open market place, where anyone can place a market 'buy' order and prevent the price from dropping till their order is met. + +The closest we came to this notion was last Thursday, where the big players just straight up cheated and shut down much of the buy side of the market, so that, in effect, hedge funds may very well have just been short selling to each other. But that is more due to the environment created by those (hopefully unique) events. + +Shoutout to /u/EmptySet2 for his further breakdown of why it's not a real thing, here:[https://www.reddit.com/r/investing/comments/lbib0x/the\_myth\_of\_the\_short\_ladder\_attack/](https://www.reddit.com/r/investing/comments/lbib0x/the_myth_of_the_short_ladder_attack/) + +&#x200B; + +**What is the Short Sale Rule (aka 'Alternative Uptick Rule' aka 'Rule 201' aka 'Short-Sale Restriction')?** + +There's a bit of history here, with some changes to the rules over time. I'll talk about most recent version of this restriction, which was implemented in 2010: + +1. If any security falls more than 10% within a single trading day, it triggers the 'Alternative Uptick Rule' for the remainder of that day, and for the duration of the next trading day. +2. While that rule is in place, short selling is only permitted if the price of the security is above the current national best bid (aka on the uptick). + +This is required to be enforced by the system as a whole. For this rule to be broken, everyone would have to be in on it, from brokers to clearing entities to market makers. It would be a big fucking deal. + +Source: [https://www.sec.gov/news/press/2010/2010-26.htm](https://www.sec.gov/news/press/2010/2010-26.htm) + +Source for monkeys: [https://www.investopedia.com/terms/s/shortsalerule.asp](https://www.investopedia.com/terms/s/shortsalerule.asp) + +&#x200B; + +**How does this stop a short attack?** + +Recall from earlier that a short attack is just selling a bunch of shares at market price, driving the price down as you meet each next highest bid. + +Well, quite simply, while GME is short-sale restricted, short sellers *cannot* sell their shorted shares to the current highest bidder. They have to set their own ask price above that highest bid price, and wait for a buyer to meet it. + +What does this mean? It means that on a day like today, a short attack by its very nature isn't permitted to happen. *All short selling can do on a day like today is suppress the price from going up*. If the current share price is $60, a hedgie could short sell 10 million shares at an ask of $60.01, and thus the price wouldn't go past that until all 10 mil are bought out. + +&#x200B; + +**What does this mean about current stay of play of GME?** + +Broadly put, for the past week there have been alternating days of massive short attacks, followed by lulls or even upward price movement during the short-sale restricted days. + +Yesterday there was a whole lot of shorting and/or shareholders exiting positions, driving the price down more than 10%. Today, we saw a relatively stable price as only shareholders could sell at market price. + +Put 2 and 2 together and take a wild guess what's coming Monday. + +(Edit: a short attack. That's what's coming. Or maybe it isn't, it's just going to be possible again. Just be aware of the possibility that wasnt there today. ) + + +&#x200B; + +Position: 1000 shares and 5 calls +So I'm technically a sophomore but I'm at 73 credits so I'm set to graduate relatively soon. So far, I've made it without any loans. I have a scholarship that covers all of my tuition and fees as well as books, but it doesn't include housing, food, etc. + +I'm working part-time and I just got hired at another part-time place as well. I'm doing okay but, as of right now, I have 50 dollars in my savings, 80 in my checking, and around 400 in debt on my credit card. The point is: I'm struggling. I just got the alert that my university offered my around 2,500 in a federal subsidized loan and it's tempting, but I'm not sure if it's worth it to accrue the debt, or if I should just continue to try and stay afloat. + +I've thought about other scholarships, but I'm not really eligible for financial aid or need-based scholarships as my parents make decent money, but I don't see much support from them. Thoughts? I'm just terrified of being sunk in debt this early when I know I'll be pursuing graduate school as well. +So my mom has pulled about 15k out of their joint accounts. This is a combination of scams she has become involved in. She isn't being completely honest with anyone but from what we have gathered the is one where it involves a girl "who needs to get home to her sick mother but her car died on the way there" and a "if you give us 10k, we'll give you a 100k grant." My mom has already sent the money orders so they're fucked. My dad is going to go to a different bank tomorrow and open his own account and is calling all investments to make sure my mom can't touch or do anything with his investments. He's changing all of his passwords just in case. What else can I advise him to do? I think he should pull all money out of their joint accounts but he's not sure he can. + +As for my mom, we've had several conversations with her about these scams but she's convinced she's made the right move. She's not going to learn so that's why I'm reaching out on getting my dad help. + +EDIT: I just wanted to say thank you all for your advice. Dad has started protecting what he can and is planning an intervention with my mom with my mom's siblings. The goal is to get her to seek help with a neurologist. Again, appreciate you all! +Robinhood has been on some real bullshit, that much is clear. There are enough posts here to show how shitty they are and how they are fucking us over, so I feel like I don't need to get into the why of what I'm proposing. + +We were the best advertising for Robinhood. Think about it... Seeing a fellow WSBer post awesome gains was almost always via a Robinhood screenshot. You see those gains, you want those gains, so you get Robinhood. You post your Robinhood screenshot. The cycle continues... + +I've been here long enough to remember people saying "not RH, don't understand" to posts from WeBull or Fidelity or whatever the fuck you non-US people use. + +We need to end that now. + +After all this shakes out (we sell GME at $42690 per share), **I propose BANNING ROBINHOOD SCREENSHOTS in WSB.** Who's with me? + +TLDR - Fuck Robinhood. + +Edit: Fuck Vlad. And Apex, obviously. But we aren't posting their screenshots, so mainly FUCK ROBINHOOD. +On the off chance they are still in existence a month from now, I want to see ZERO RH screenshots on WSB +I have no idea about crypto, was offered a bitcoin or 40k of the 49k I'm asking. I have been researching bitcoin a bit and must say this is above my pay grade. It looks like a roller coaster ride, though profitable in the long term. Would any of you wonderful geniuses out there offer a suggestion? And how does accessing the funds internationally work? + +Edit: Thank you all so much. Totally blown away by how helpful y'all are. Should have mentioned, this is an owner carry sale, so the total sale price stays the same, the lost down payment is made up in higher monthly payments. +YOU ARE SPREADING FUD JUST BY GIVING THIS EXPOSURE. + +You think it’s a coincidence that Bloomberg and other news organizations decided to drop this news today of all days, even though this was proposed weeks ago? + +I have already seen so many comments saying how much this sucks or how the government is trying to profit off of apes. People saying that they would sell on the way up to avoid capital gains tax...wow wouldn’t that BE CONVENIENT FOR HEDGE FUNDS. + +This is long term capital gains. This will not affect you. What will affect you is if you fall for this obvious bait. You will fuck this whole thing up by bringing politics and taxes and all that other bullshit into this. THIS IS SO MUCH BIGGER. + +Stop talking about this. Stop arguing over politics. You will literally divide apes, the most powerful movement you will ever be a part of in your whole life, you stupid fuck. + +Nothing has changed. Shut the fuck up. Take a break from the noise if you have to. Nothing more is required than to hold. +Hi PF fam. I am closing on a house to buy in California. We agreed to a 120-day rent-back for the current owners as they're going to be moving across country and needed some time. It was the reason we out-bid other interested parties! Since we are month to month in our current home we had no issue with it and considered it a closing cost of sorts. + +With one week left in Escrow, our loan agent noticed the lease and said "hey, you can't get a residential loan and not live in the property. Move in within 60 days of sale or unfortunately this loan is void". The current sellers already made it clear they don't want to move out earlier. So here seem to be my options + +1) I pay a "lock in fee" to keep our amazing mortgage rate and push back the closing date (this could cost upwards of $5k I'm told) + +2) we push back on both our real estate agent and theirs, letting them know they should have known about the 60-day law, not us, and ask them to cover the costs of the lock in fee via payback of % of their respective commissions + +3) we let the seller back out of bequeathing us our dream home. + +4) we start all over and apply for an investment loan at a higher rate, then quickly refinance when we move in 4 months later I guess? + +So my first question for the group is, am I missing another option? + +My second question is, "amitheasshole" if we go with #2? + +Lastly, what's the actual penalty if we let them just live there for 60 days longer than we are legally allowed to? If someone comes by to confirm we're in the property and we're not, are we talking a fine? Proof that we are moving in? + +Thanks for your time and attention. + +Edit: thank you, all, for your advice! We will be pushing back closing as a resolution to this fiasco to make just a 30-day rentback. Big lessons learned for all involved. +I am lucky enough to have citizenship in Portugal and have seriously considered moving there in the past, but salaries for my industry are so much lower there that I decided to stay in the US. + +As I start to think about an early retirement (still nowhere close, probably 10+ years away) I am wondering what would happen if I were to move to Portugal after retirement or in some sort of partial retirement working a low stress job in Portugal. + +Can I essentially avoid the exorbitant US healthcare costs this way? I realize I'd have to pay higher taxes in Portugal, but still might be worth it? Especially if my income is lower? How will my investments be affected if they are all in US based accounts? + +Thanks for any advice +Bought a house in November of last year. Made 6 payments to Service Mac and owed about $422,000 just last week. Suddenly, and without any trail on the internet portal, the site says balance due is zero. I called them to confirm and they confirmed the mortgage was paid off. + +I am obviously both thrilled and scared. Not sure how to proceed. I imagine they will catch the error at some point soon but I dont want to get in trouble by keeping quiet. + +Any advice appreciated. + +UPDATE: LOAN WAS SOLD TO ANOTHER MORTGAGE COMPANY. BACK TO WORK FOR ME. + +Thanks for the replies everyone! +TLDR: Remind yourself of why you are holding, hold, & buy more! + + +Seriously, + +If you are feeling stressed out or worried at all, take a deep breath and read this as a breath of fresh air and a little reassurance that you are making a great investment (some would say the best investment of your lifetime). + +Shorting a stock costs money. The hedge funds are paying interested EVERY SINGLE DAY to hold their existing shorts positions as well as continuing to add to their short positions. + +This means that regardless of where the stock moves in the short term, they are bleeding money daily. Lots of money. This means that every single day THEY ARE GETTING CLOSER TO A MARGIN CALL. + +When will this happen? Who really cares! This is irrelevant information. The BEST POSSIBLE THING WE CAN DO IS TO CONTINUE TO BUY AND HODL! I know you have heard that just about as many times as the stock will become dollars. + +But seriously… + +BUYING keeps upward pressure on the stock. +BUYING allows us to gain more of the float. (how many more times of the float is anyone’s guess) +BUYING increases the size of our future wallets. + +HODLING keeps them paying interested. +HODLING foils their plans. +HODLING guarantees the squeeze. + +Lastly, of course I can’t wait for the price to start moving up and not stop. But know that sideways and even downward movement is still okay, and I would even go as far as to say IT’S BULLISH! + +I’m holding because I can. +I’m holding because I care. +I’m holding because I am tired of hedge funds controlling the market. +I’m holding because I trust Ryan Cohen. +I’m holding because I believe in the trajectory of the company. +I’m holding because I like the stonk. +I’m holding for my family. +I’m holding to further the mission of God. +I’m holding for lots of reasons. + +Remember why you are holding and keep doing it! + +Don’t take my advice. It’s not financial advice. Find a different adviser. I don’t even know my favorite color crayon. + +💰💰💰💰💰💰💰💰💰💰💰💰💰💰🚀 +(rocket carrying all my money bags) + +Edit: added TLDR +What really ground your gears when you were buying? + +What bits of building a place really pissed you off? + + +I’ll start! We bought a new place, brand new, only to find out that the pipes were incorrectly installed that we had to replace the foundations under the bathroom. +Just a few days ago I was introduced to this man via the movie "Collapse", and have since watched a few of his lectures on Youtube. + +What do you folks make of this guy? He seems like any other conspiracy theorist, only he appears to do an especially good job of straddling the boundary of believability (at least for me, someone who is inherently skeptical). + +His stuff on peak oil has really got me thinking as well. Nobody can deny that there is a finite amount of fossil fuels on Earth, and that modern civilization is extremely dependent on them. Is there any way of knowing whether Earth's recoverable oil reserves are dwindling or not? + +His predictions are pretty catastrophic. Is there anyone out there able to shed some light on this fellow? Reddit users seem to be pretty good at spotting bullshit and absurd claims... is there a major flaw in this man's thinking? + + + +I speak as someone with BA in economics, but the way many economists speak of "depression" pisses me off. + +Many seem to automatically equate periods of price declines with depression. The entire point and argument in favor of freer markets is to lower prices. Discussing price declines as a bad thing totally ignores the theories economics to entirely based on. + +Furthermore, war spending is often equated boom times. WWII is a prime example. + +[List of US Recessions](http://en.wikipedia.org/wiki/Us_recessions) + +As you'll notice, the Civil War period is not considered a depression. The bloodiest war on American soil where both the North and the South experienced very staggering inflation, and that's not considered a depression?! A depression is when living standards decline, ie when there is war, there is always a depression. + +Anyone arguing that WWII ended the Great Depression, is arguing that *any* massive spending action would bump the economy out of depression. This is because war is purely destructive of resources. The entire structure of production is converted to making bombs and things necessary to kill and destroy and away from consumer goods. This is a completely nonsensical position. During the war, quality of life was reduced drastically. People were dying, being shot at, and on the home front products were rationed. Immediately after the war ended, all those "employed" soldiers were now out of jobs and everyone making munitions was too. Everything had to readjust and they did. The depression ended after the war ended and after the waste ended and production returned to consumer goods. + +TL;DR: "Depressions" should describe situations where **living standards** decrease (like in war) and not times where "GDP" decreases or "deflation" arises. +What is the benefit of taxing corporations? The price gets rolled into the cost of goods they produce, so the consumer pays them anyway, and by having them in the US we encourage businesses to find a lesser taxed country to set up shop. What would be the problem if we eliminated corporate income tax? Plus, by having them pay income tax, doesn't it give fodder to the argument that deserve certain citizen-like rights? + +My thinking is if we attract businesses, we get jobs. We need jobs. Even if, say, a French company just put a corporate shell to hold profits in america, that makes a few high paying jobs. If exxon is making 1.21 jiggabucks a second in this country, isnt that better than exxon making 1.21 jiggabucks in the Caymans? + +Please don't confuse this with deregulation and corpocratic nightmare, which it has seemed to devolve into when I asked some opinionated friends. I only mean moving their income tax, not other fees and regulations that are business related (like oil company royalties for minerals extracted on fed land), any business should still pay to offset any damage or costs they externalize. + +Thoughts on this fine tax day? +First off I'm a DRS smoothie 63 locked up. I **don't** options. Hell I barely even **stonk**. I'm a Chemist and I don't know shit about fuck... Except I do know a thing or two about **assumptions**. + +If I'm going to invent a new form of **nipple cream** made from **hemp oil** I need to figure out how to hydrogenate that shit because it's a fucking **liquid**. To do that I need pressurized **hydrogen gas** and I've got to make an **assumption** about how it's going to behave in my **reactor** before I make a test run. There's a bit of math that can help us. + +The ideal gas law: + +P\*V = n\*R\*T + +P=Pressure + +V=Volume + +n=moles of gas + +R=Ideal Gas Constant + +T=Temperature + +This is a very simplistic **assumption**! This literally says what a gas does **ideally**. But **nothing** is fucking ideal in the **real world** so we could use something like this: + +Van Der Waals Equation: + +(P+a\*\[n\^2/V\^2\])\*(V-n\*b)=n\*R\*T + +a and b = empirically derived constants specific to the gas. + +This ain't a **physics lesson**, but my point is that even something relatively **simple** like making **nipple cream** can get **nucking futs** real quick. + +Now take a **dude** and tell him to predict what the **angry, horny, and hungry bag of feral weasels** that is the market is going to do on a given day! Da fuck? BRO THESE **WEASELS** CHEWED MY **NIPS** OFF! WHY DIDN'T YOU TELL ME? + +**I don't have enough wrinkles to know for sure what assumptions are made when laying out his thoughts, but I'm pretty damn sure that it's harder than it looks.** + +Give the guy a break, he's not spot on understandably, but his ideas make sense and he's trying to help. I reckon proper apes understand that. +First off I'm a DRS smoothie 63 locked up. I **don't** options. Hell I barely even **stonk**. I'm a Chemist and I don't know shit about fuck... Except I do know a thing or two about **assumptions**. + +If I'm going to invent a new form of **nipple cream** made from **hemp oil** I need to figure out how to hydrogenate that shit because it's a fucking **liquid**. To do that I need pressurized **hydrogen gas** and I've got to make an **assumption** about how it's going to behave in my **reactor** before I make a test run. There's a bit of math that can help us. + +The ideal gas law: + +P\*V = n\*R\*T + +P=Pressure + +V=Volume + +n=moles of gas + +R=Ideal Gas Constant + +T=Temperature + +This is a very simplistic **assumption**! This literally says what a gas does **ideally**. But **nothing** is fucking ideal in the **real world** so we could use something like this: + +Van Der Waals Equation: + +(P+a\*\[n\^2/V\^2\])\*(V-n\*b)=n\*R\*T + +a and b = empirically derived constants specific to the gas. + +This ain't a **physics lesson**, but my point is that even something relatively **simple** like making **nipple cream** can get **nucking futs** real quick. + +Now take a **dude** and tell him to predict what the **angry, horny, and hungry bag of feral weasels** that is the market is going to do on a given day! Da fuck? BRO THESE **WEASELS** CHEWED MY **NIPS** OFF! WHY DIDN'T YOU TELL ME? + +**I don't have enough wrinkles to know for sure what assumptions are made when laying out his thoughts, but I'm pretty damn sure that it's harder than it looks.** + +Give the guy a break, he's not spot on understandably, but his ideas make sense and he's trying to help. I reckon proper apes understand that. +It's not rocket science. + +Robinhood's imposed buy limits coincide perfectly with $GME's stock plummeting. + +If the demand for stock is: buying it > selling it, it rises. + +If it's selling it > buying it, it plummets. And $GME is plummeting because of Robinhood's buying restrictions. + +The only hurdle right now is Robinhood's decision to limit $GME share purchases. But everyone is either against or on that case ([Sherrod Brown](https://twitter.com/SenSherrodBrown/status/1354881250922819585?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354881250922819585%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnet.com%2Fpersonal-finance%2Faoc-and-lawmakers-call-for-hearings-on-robinhood-for-freezing-trades-on-gamestop-stock%2F), [Ted Cruz](https://twitter.com/tedcruz/status/1354833603943931905?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354833603943931905%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnet.com%2Fpersonal-finance%2Faoc-and-lawmakers-call-for-hearings-on-robinhood-for-freezing-trades-on-gamestop-stock%2F), [Attorney General James](https://twitter.com/JonCampbellGAN/status/1354914072194592776?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354914072194592776%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnet.com%2Fpersonal-finance%2Faoc-and-lawmakers-call-for-hearings-on-robinhood-for-freezing-trades-on-gamestop-stock%2F), [AOC](https://twitter.com/aoc/status/1354830697459032066), [Elon Musk](https://www.washingtonpost.com/nation/2021/02/01/elon-musk-robinhood-clubhouse-gamestop/)). + +As long as you don't sell your shares, the sky-fucking-high demand for $GME right NOW is gonna skyrocket its prices—it's garnering worldwide attention. + +So hold, even if it's one share. 💎🙌 + +&#x200B; + +Edit (Feb 4, 15:19 GMT) : The logic definitely is over simplified, but I wanted to be short and to the point. Couching my point with a bunch of esoteric financial terms is only gonna obscure what I'm trying to say. Robinhood definitely isn't the only reason the share prices are plummeting. I may have come off that way. I acknowledge that plenty of other brokers have placed purchase restrictions as well. I only mention Robinhood because they're arguably the biggest source of demand for $GME. +I’ve only been in this space for a few years and this is so ridiculous to me. Everyone should be ecstatic they get to buy btc so cheap. Instead, people panic and sell everything. This is dumb for many reasons. + +1. You’re selling for a loss +2. Nothing about Bitcoin has changed +3. You could get Bitcoin cheap + +People panic selling clearly didn’t do any research. This asset is volatile and the technology is extraordinary. I’ll be happy if it reaches 10k +My mom has a series 6 license and recently started at wells fargo. She has self-directed brokerage accounts at chase, which mostly contain VTI, FSKAX and some immaterial single stock holdings. Wells is telling her because of her license she has to sell off her stocks and ETFs. Is this true? +Just think about all these very recent events: + +- Out of nowhere (at least publicly) FTX implodes in the most spectacular way +- Wrapped GME tokenized stock fraud evidence is spilling everywhere +- Crypto exchanges everywhere are asking everyone to trust-me-bro as they begin to bleed profusely (many with proven ties to Citadel, Point72, and other naked GME shorts etc) +- GameStop launches the long anticipated GameStop Wallet +- MSM can’t shut up for 2 seconds about the Icahn shorts against GameStop +- Ryan Cohen gives his first extended interview since long before Jan 2021 sneeze and MSM is hiding from it +- Ryan Cohen launches Teddy Publishing and Teddy.com and a 5 book series of wisdom for ages 2-100 +- Bets sub bans GME talk +- *edit: Heavy speculation/anticipation* from melt sub that they will soon be banned from Reddit + - *(context: last week they posted that it’s going to happen very soon citing direct comms/strong disagreement w/ admins, and refusal to comply with something they were asked to do [i don’t know what it was]…but a sub ban hasn’t happened yet…could just be taking longer, or I guess they could be wrong too)* + +I mean, that’s all in just the last couple weeks, and I know I’m missing some stuff. +FIRST, THIS POST IS NOT PROFESSIONAL LEGAL ADVICE! + +Seeing the flocks of newcomers and those who've made some money with crypto in the past year or two, I think this is the perfect time to remind you guys that you should not mess around when it comes to cryptocurrency-oriented capital gains! + +Depending on your citizenship, your country's laws regarding capital gains resulted from cryptocurrency trade may vary. + +Below are a few tips for you, the savvy investor: + +1. Learn your local laws. This is a BIG one! Familiarize yourself with the local laws and regulations regarding cryptocurrency investing in general and tax laws in particular. +2. Keep track of all numbers. Keep track of all trades you make. Buying price, date, selling price, coin pairing, exchange, etc... +3. Now knowing and understanding the local laws and regulations, you may want to reconsider your investing strategies. Frequent VS non-frequent trading, trading fees, asset security, etc... + +* [United States](https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies) +* [Canada](https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.html) +* [Australia](https://www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/?page=2) +* [United Kingdom](https://www.gov.uk/government/publications/tax-on-cryptoassets) + + + +While this is not a full-on guide, I wanted to at least put this in some of your heads, that you may make or may have already made 'easy' money with cryptocurrencies, but always remember that the taxman is watching, even if he is quiet. + +I do understand that some coins/tokens provide more privacy than others, but the big ol' tax man is the last person you want to be enemies with. + +Edit: Added a couple of country links. + +Edit 2: Why are some of you downvoting this :/ +Many people put a significant portion of their investments in one company (e.g. Vanguard). It is often asked, "What if Vanguard goes bust?" The hypothetical answer to the hypothetical question is "your investments are still ok." For example: + + +[https://www.mymoneyblog.com/what-if-vanguard-or-fidelity-went-bankrupt.html](https://www.mymoneyblog.com/what-if-vanguard-or-fidelity-went-bankrupt.html) + + +[https://www.vanguardinvestor.co.uk/need-help/answer/what-happens-to-my-money-if-vanguard-becomes-insolvent](https://www.vanguardinvestor.co.uk/need-help/answer/what-happens-to-my-money-if-vanguard-becomes-insolvent) + + +This [scenario](https://www.vanguard.com.hk/portal/mvc/loadImage?country=HK&docId=30627) is happening in Hong Kong. + + + + + +Basically, Vanguard will leave the Hong Kong market and relocate to Shanghai. It is [reported](https://www.ft.com/content/a66bf3ee-8a98-4eea-ac17-f65c35581d02) that Vanguard's assets will either be acquired or simply terminated. + + + + + +In fact, Bank of Montreal ETFs are also reportedly leaving Hong Kong, and their funds may be acquired by China AMC. + + +So I guess it's true that people's assests haven't turned into toilet paper or worse. But now that the funds may have different managers, the investment approach could become very different. Mangagement costs may increase. So the risk is there but more hidden. + + +Sadly, the remaining global broad market ETFs in Hong Kong have very low volume and small in size. IMO that's a higher risk. You would feel sad that investors in the city have not much options for global broad market ETFs. + +Edit: Typo +Edit #3: u/Donkey-Kongs had a pretty good explanation for why they may be working late that should be taken into account when reading this: "Not to steal the 🍌from anyone’s bunch, as someone familiar with this space, working weekends at midnight in the office, especially in NYC, is unfortunately par for the course for any AMLaw 50 firm, and more so for those with global reach. You could also point to the Perkins law firm which is based in Citadel’s offices in Chicago which has a crypto practice. I would be surprised if they didn’t have attorneys working all nighters on weekends as well. Also, the majority of law firms are allowing people to be in office as covid restrictions have eased. And finally, trust Chambers or Legal500 for rankings. USN is considered, by many, a bit lower tier." + +**Post Starts Here** +So based on the great DD done in here already with all the brokers and banks burning the midnight oil, I figured out what I could find. I stumbled upon www.earthcam.com which contains links to hundreds of live cameras across the world. I checked out there Midtown Manhattan one [(Link)](https://www.earthcam.com/usa/newyork/midtown/skyline/?cam=midtown4k) and noticed a building next to the Chrysler tower that had it's top floors lit up. So let's dig: + +https://imgur.com/gallery/kq1RfzV + +Just to make sure this wasn't common, I checked the views from 4 and 5 nights ago (see gallery) and you'll notice those floors are completely dark. So there's definitely something weird going on tonight where this building is clearly occupied on the top floors. It's hard to tell which building it is, so I used the daytime feed (also in the gallery) to get a better look at it. + +Using Google Maps satellite view, I figured out it was 450 Lexington Ave [(Link)](https://en.wikipedia.org/wiki/450_Lexington_Avenue) + +Alright. We have the building, so who are the top floor tenants? Initially all my searches for any addresses on the 35-38 floors came up empty. However, when I searched for Suite 3500 (I found through other searching that the official addresses are suites and based on the floor) I came across this lawyer [directory](http://www.law.net/attorney/location/united-states/new-york/new-york-city/page/3308). The lawyers you see here have addresses as Suite 3500 (35th floor), and link to www.dpw.com. On we go! + +So who is dwp.com? None other than DavisPolk & Wardell. Alright so we have the lawyers, working at midnight on a Sunday night, during COVID. Who is this law firm exactly? Does this relate to us at all? + +[I think so](https://www.davispolk.com/news/davis-polk-named-law-firm-year-two-categories-us-news-best-lawyers#:~:text=Davis%20Polk%20has%20been%20named,areas%20in%20this%20year's%20report.) + +This is where it gets crazy. Check out in that link what one of the two categories they were named Law Firm of the Year in: **financial services regulation**. This is the firm that represented the **US Treasury Department** and **Federal Reserve Bank of NY** during the 2008 financial crisis. So maybe they're on the good side? Not so fast. They're also well lauded for their white collar criminal defense practices. + +TL;DR + +Towercam footage shows elite financial services law firm known for their work in financial services regulation is currently working in all three floors of it's Manhattan office at midnight on a Sunday, which is abnormal for them + +Edit: More information on their white collar defense work https://www.davispolk.com/practices/litigation/white-collar-defense-and-investigations + +Edit 2: I originally mistyped the law firm website as www.dwp.com. The correct url is www.dpw.com, and is fixed in the post (this is the URL associated with the lawyers in the lawyer directory) +As someone who is very frugal in just about every aspect, it’s hard for me to picture myself going from $200 a month in groceries to $2000 once I retire. + +Those who are living the retired life now - what do you spend your money on without guilt? +https://www.reddit.com/r/ausfinance/comments/iohsn1/_/ + +Seemed quite popular last time. Hopefully stops a few more people wasting money at H&R Block and friends. + +Adrian Rafterys book is also updated but somehow it has been since before the budget came out 🤔 bit of a mystery. + +Their email said there's additional FAQ questions but beyond that the bulk of the material would be similar I imagine.. +Edit - updated for clarity and TL:DR: + +For grad school work, I had a 2 month car rental. However they added 8 days onto that 2 months by the end, so I extended my contract by 8 days. That extension cost $500. Two days before I dropped it off, I was realized it would be more effecient to drop the car off at the airport location (only 13 miles away from where I picked it up) before I fly home. I called and asked if there would be a fee for this. They said a "small fee", but wouldn't be specific, despite me asking repeatedly. Looking up online, it seemed to be < $100 to do this, so I figured it was less of a hassle than getting an Uber to the airport. Turns out the "small fee" is a $1500 service charge added to that $500 invoice from earlier. They retroactively charge me the rates from the airport for the entire two months. Since I'm in grad school, it's a huge deal to get an extra $1500 reimbursed than if this were a private sector job. + + + +--- + + + +On a recent work trip, I booked a "*multimonth reservation*" through Hertz for 2 months and 8 days. I paid for the 2 months with no issue, but the last 8 days were going to be paid separately, for about $500. + +When it was time to return my rental - I called up to ask if I could return it by the airport instead, 10 miles away from where I picked it up two months ago. They said there would be an additional service charge for doing that - and when I repeatedly asked how much it would be, they would not give me an answer. So I looked it up, and saw it should [be $13](https://www.hertz.com/rentacar/reservation/reviewmodifycancel/templates/rentalTerms.jsp?KEYWORD=RETURNCHANGE&EOAG=YUL). Since they were being tight lipped about the charge, I assumed they might be scummy and add in some other charges, maybe an extra $100 or so - and I was prepared to pay that fee. But when I got the invoice, I was absolutely shocked to see **an extra $1500**. My invoice for those 8 days clearly shows a subtotal of $500... and then a "Service Charge" of $1500. In another section, it describes the Service Charge as a `RATE ADJUSTMENT`. + +I called Hertz customer service multiple times - it was very difficult to talk to anyone - and they couldn't really explain why there was a rate adjustment - but it seems like they retroactively charge whatever price they want when you return it somewhere else? I think that's what they did, but it's very unclear. This seemed completely unacceptable to me - I had a reservation with all the prices established. I called up and asked several times if there would be any additional fees for dropping it off somewhere else - and was prepared to pay even a little bit of an obnoxious hidden fee. But charging **four times as much** as I agreed to is off the table. I legitimately cannot afford it. + +Here's where it gets worse... So I called up my bank to do a chargeback, hoping customer service would listen to me then. But it turns out you can't do a chargeback to Hertz. Apparently so many customers have done chargebacks to Hertz in the past, that the bank won't do it unless you can prove they breached their contract. And the Hertz contracts are written so that they can add whatever charges they want at any point. + +I don't know what to do! Is there a way I can get some of this money back? I can't afford to lose 1 months rent right now. +Over the last year, [HODL](https://hodltoken.net/) has gone full tilt to build the greatest passive income ecosystem in Defi! HODL is crypto’s biggest word, but the project has so much more going on than just an incredible brand! WhaleCoinTalk AMA yesterday! Gollum and others coming soon. Come be a part of the HODL movement as we head to a $1 billion market cap. + +\- Over 1 year old + +\- 15 options for making money + +\- $3m+ in BNB rewards paid out + +\- Experienced, dedicated team of 20 + +\- Team personally invested $1m+ into $HODL tokens + +\- ATH Market Cap of $220m + +\- 25,000+ investors + +\- BNB rewards + +\- Reflections + +\- Doxxed team & KYC’d CEO + +\- [HODL DEX](https://hodlx.exchange/) + +\- Dedicated DEX reward token - HODLX + +\- Project funds reported + +\- 9 Exchange listings + +\- 6 Farms with high APR + +\- 2 Staking pools with high APR + +\- 2 Earn pools to earn HODL & NFTs + +\- 2 NFT staking pools + +\- Investor dashboard (https://hodldash.io/) + +\- Team has under 5% of tokens + +\- Best website in Defi + +\- Huge contract innovation + +\- Reward stacking tech + +\- 70k in communities + +\- Best-in-market listings + +\- Physical coin series + +\- Merchandise store + +\- Trending regularly on LunarCRUSH + +\- Strong partnerships + +\- Games platform (https://hodlgames.net/) + +\- NFT series - HODL Hands NFTs (https://hodltoken.net/hodl-hands-nfts) + +\- It's own dedicated charity (https://hodltoken.net/charity) + +\- Buildings in Decentraland + +\- Multiple contract audits + +\- Regular AMAs & highly transparent + +All this and we’re about halfway through our roadmap (https://hodltoken.net/roadmap)! HODL Pay, Texas HODL'em, HODL App & much more coming soon! Check out our website, Telegram and whitepaper (https://hodltoken.net/whitepaper) to see what our future HODL’s! HODL is Passive Income Made Easy + +[Buy HODL on HODLX](https://hodlx.exchange/?ref=0k1qor97r20s3Sos9qo1o8n5n2nQ512s382On30P5O) + +[Buy HODL on Pancakeswap](https://pancakeswap.finance/swap?outputCurrency=0x0e9766df73973abcfedde700497c57110ee5c301) + +[Join Us On Telegram](https://t.me/hodlinvestorgroup) + +https://hodltoken.net +Maybe this is a stupid question. I fully admit I’m hardly an expert. Currently the Nikkei still has yet to reach its ATH from 1989. They had a 6 year period of greatly inflated stock and real estate prices along with expansion of money supply and credit. + +By 1991, real estate prices increased anywhere from 160-300% compared to 1985. From 1989 to 1990 they increased rates 5 times going from 2.5% to 6%, in 1991 the market started tanking. + +Now the timeframe is different, and a lot of the pump was COVID related. But a lot of things sure seem similar… + +If you completely ignore the COVID drop, from Feb 2020 to Dec 2021 the market was up 40% in less than 2 years time. Now interested rates are rising and we are about 20% down from ATH, similar to the 35% down Japan experienced from the ATH high to 1990. + +Currently things don’t seem as severe, the bubble doesn’t seem as long (depending who you talk to) and the drop doesn’t seem as much, but 32 years later and Japan still hasn’t recovered. So who is to say it wouldn’t take us 15 or mores to recover? + +Then we have one additional wrench that an economy based on unlimited growth hates: low birth rate/declining population. Japan didn’t have to contend with this and all signs point to this increasing. Less consumers, less economic actors means lower economic activity, which needs to be offset with more immigration, which I’m not sure I see happening. + +This is the internet, tell me why I’m wrong. +Can we take this as a community-wide lesson? It embarrasses me that this guy is all over our subreddit. This is supposed to be a place for traders and retards attempting to be traders, not for trader roleplay. I'm not under any illusion that we're all pros or anything, but come on. + +You should be here because you want a yacht or a nice house and want to make wallstreet pay for it, not because you enjoy watching the trading version of WWE. + +You guys need to be more skeptical. He played you like a fiddle for attention and notoriety. You gave him exactly what he wanted. You think you're pointing and laughing at some retard but you got taken for a ride and he got the attention he wanted. You are the retard. + +It's *really* easy to be retarded and lose money. You're not "doing it right" when you post massive losses and go "hurr am I one of the boys now"? It's like a bunch of morons saw some traders comparing battle scars and decided to cut themselves so they could join the conversation and get attention. +The mission of the SEC is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation + +What is FAIR... about Payment for Order Flow? +What is fair about dark pools? +What is fair about HFT? These guys scrape profit at every moment and add no value. +What is fair about insider information? How guys like Steve Cohen can build a career, and billions, on it and never go to jail? +What is fair about having servers inside exchanges? +Or buying politicians with donations? +What is fair about FTDs? +Or spreading misleading MSM FUD campaigns... + +The market has never been been remotely fair. + +Orderly... what’s orderly about brokerages restricting buying? How is it orderly that clearing houses are facing systemic cascading defaults? +What is orderly about a system full of abused naked shorting? +What is orderly about companies not even knowing how many shares exist? + +Efficient... what is efficient when most of the traded volume is Off Exchange in dark pools where they do not impact price? How is it efficient when only some trades matter. + +How can companies access capital formation when they can be attacked, diluted and bankrupted through illicit means? + +I’ve learned in the last few months how utterly corrupted the system is... it needs complete overhaul. Transparency, instant settlement. +On my HOLA (Home Owners Loan Act of 1933) post from yesterday an Ape asked for a TLDR / summary. I didn't feel like I understood the content well enough to summarize it in a few sentences, so today I read more about HOLA and thrift banks (the banks that administer home loans - mortgages - to less credit-worthy customers). I thought that **thrift banks** were _just_ banks that gave home loans to people who had crummy credit. + +Yes, **thrift banks** do give home loans to less credit-worthy people, like I thought. But the actually seem to make up a much larger portion of the 'lending space' than I originally imagined as they hand out home loans _and_ business loans for less credit-worthy people. Interestingly, in 2018, during a giant de-regulation spree Congress and the President at the time decided that if **thrift banks** had $10B in assets they should be able to gamble with that cash: stick it in short-term securities, give it a hedge fund or private equity group to 'have fun with', basically gutting financial protections afforded by the Dodd-Frank Act . The same bill (SB 2155) that allowed **thrift banks** to gamble away their member's cash also raised to "too big to fail" limit from $50B to $250B. So if your thrift bank has $249B in assets and it gambled away all its cash (because it gave all the **thrift bank** members' cash to a hedge fun to gamble with) congrats. At $249B your **thrift bank** isn't "too big to fail". At $251B, yes, it's too big to fail, but under $250B and we'll let it fail. Yee-fuckin'-haw. + +--- + +Attempt at a TLDR (see the bottom of those post for an actual, short, TLDR): Since 2018 **thrift banks** with less than $10B in assets can gamble with that cash ([Volcker Rule](https://en.wikipedia.org/wiki/Volcker_Rule) - Eliminated!) AND the too-big-to-fail threshold for **thrift banks** was increased from $50B to **$250B**. SB 2155, which has the tag of `systemic risk` on Wikipedia, was the 2018 law that gutted protections for **thrift banks** and **thrift banks** are _the_ financial institutions providing mortgages and business loans to Americans with not-perfect credit scores. + +-- + +## A recap of HOLA and Thrift Banks + +- Home Owners Loan Act of 1933 basically created the modern ~~15~~ 30 year mortgage. Mortages used to be 3-5 years in the 1930s. The 30s 'kinda sucked' (as an understatement) for the majority of the United States: see [Hoovervilles](https://en.wikipedia.org/wiki/Hooverville), the Dust Bowl, the Great Depression. +- The [Office of Thrift Supervision (OTS)](https://en.wikipedia.org/wiki/Office_of_Thrift_Supervision) was responsible for overseeing what are called **thrift banks**. **Thrift banks** are banks that give out HOLA loans - so, mortgages mostly to people that are less credit worthy than a traditional bank or credit union would lend to. +- But the OTS was shuttered in 2011 - after the 2008 subprime mortgage crisis - because OTS liked to backdate financial documents and fradulently alter all kinds of legal documents. The FDIC and a few other orgs took over the responsibilities of the OTS. But **thrift banks** were still in existence and continue to exist today in 2022. +- **Thrift banks** "are legally required to dedicate 65% of their lending portfolios to consumer loans" and "[b]y law, a thrift bank can only dedicate 20% of its business to commercial loans and leases." (Source: [TheBalance.com](https://www.thebalance.com/what-is-a-thrift-bank-5197892) but on Investopedia and other sites). What does this mean in practice? Thrift banks lend primarily for home loans (mortgages) to people who have less-than-stellar credit. + +## What happened in 2018 to Thrift Banks? SB 2155 + +Here's the bill text in case you're interested: + +https://www.congress.gov/bill/115th-congress/senate-bill/2155 + +Don't you love it when a Wikipedia article's category (at the bottom of the page) is listed as `systemic risk`? + +https://en.wikipedia.org/wiki/Economic_Growth,_Regulatory_Relief_and_Consumer_Protection_Act + +From that Wikipedia page; I had to change the president's name so that Automod wouldn't block my post: +> The Economic Growth, Regulatory Relief and Consumer Protection Act (Pub.L. 115–174 (text) (PDF), S. 2155) was signed into United States federal law by President _Orange-Man_ on May 24, 2018.[1][2][3][4] The bill eases regulations imposed by Dodd–Frank after the financial crisis of 2007–2008 by raising the threshold to $250 billion from $50 billion under which banks are deemed too important to the financial system to let fail.[5] The bill also eliminated the Volcker Rule for small banks with less than $10 billion in assets.[6] +> +> **The act was the most significant change to U.S. banking regulations since Dodd–Frank.[5][7][8]** + +Before S 2155 was passed banks that had $50B in assets were deemed 'too big to fail'. After S 2155 that threshold was now $250B. + +S 2155 _also_ "eliminated the Volcker Rule for small banks with less than $10 billion in assets". What does this mean in plain English? According to [Investopedia](https://www.investopedia.com/terms/v/volcker-rule.asp): + +> The Volcker Rule prohibits banks from using their own accounts for short-term proprietary trading of securities, derivatives, and commodity futures, as well as options on any of these instruments. + +and + +> The Volcker Rule is a federal regulation that generally prohibits banks from conducting certain investment activities with their own accounts and limits their dealings with hedge funds and private equity funds, also called covered funds. + +For small **thrift banks**, those with $10B or less in assets, after SB 2011 was passed: + +- "No more torturous analysis of the borrower’s “ability to repay”" (https://www.icba.org/docs/default-source/icba/advocacy-documents/s-2155-what-it-means.pdf?sfvrsn=463b7217_8 ); fan-fucking-tastic /s. +- From that same document, "Banks with assets between $10 billion and $50 billion will no longer be subject to mandatory stress testing" +- "Publicly held institutions with assets between $10 billion and $50 billion will no longer be required +to have risk committees." + + +# Actual TL;DR + +TLDR: 2018 rolled around. SB 2155 was passed. It gutted (consumer) protections that the **thrift banks**, which give mostly home loans to people with less-than-stellar credit, had operated under after 2008. In addition to no longer having to consider "a borrower's ability to repay" [a mortgage, a loan] SB 2155 also allows **thrift banks** to gamble with their members' money (give it to a hedge fund or private equity group to have fun with), invest it in investments that were against the financial interests of its members, etc. SB 2155 also removed requirements financial oversight committess at **thrift banks** and removed (previously mandatory) stress tests for **thrift banks**. SB 2155 raised the 'too big to fail' limit from $50B to **$250B**, as well. +I currently work in the Bay Area, but am planning to FIRE in Texas. I’ve been maxing out after-tax 401k and converting to Roth for 2+ years, but I’m now wondering if this is still the best strategy, since lower income taxes in the future would make Roth less appealing. I still max out traditional 401k and use the leftover for mega backdoor, but I’m thinking the backdoor money could be better used in a brokerage account (no early withdrawal penalty, flexible, low cap gain taxes in TX) or for a real estate investment (don’t own any property yet). + +Any thoughts are appreciated! +Given the benefit of Roth IRA and 401ks is that the investments grow tax-free, they are perfect for investment vehicles that yield returns that would otherwise incur hefty tax bills. The area I'm most familiar with people leveraging here are REITs, but I'm curious if others in the /r/fatfire community have other more interested and less well known strategies. + +Edit: Thanks for everyone's input so far. I did somewhat misspeak in my recommendation request: I'm really looking for investments that are tax inefficient and therefore would benefit specifically from being in a tax-advantaged account. Less looking for inherently risky investment vehicles like crypto, since there's really no increased tax burden versus other investments. +Thank you so much for reading and thanks in advance for the advice. + +Just turned 50 and have the opportunity to sell my business that I have been working extremely hard at for 19 years. For easy math I will be getting 10 million after taxes (gonna be hard to write that check to the IRS but that’s another post). + +I have been financially smart up until this point so have no debt including no mortgage. + +I do have kids and grandkids so with fun and travel, etc. my yearly budget is still around 400k. I am extremely fit, active and healthy so really enjoy sports such as wakesurfing, scuba diving, etc. (starting to read like a tinder profile). + +I am too young and too active to retire. Purchaser wants me to stay on and earn a meager salary so I will probably do that or find something else to do. + +Started investing at a young age but not sure how confident the am with this much money, especially since it needs to last the rest of my life. I have some money in a couple etf’s like VOO and SCHD and have a good amount in a Wealthfront account as well. Don’t have any bonds yet but I imagine now is the time to get into those. + +Just looking for advice if I should get an advisor or just keep going it alone? And if I do go it alone what would you recommend? + +Thanks Again +Thanks everyone for the cheap coins. + +Edit: 53% now but my point is still valid. You can't have massive a massive growth without corrections. + +Edit 2: Going back up...thanks everyone that said the bubble has popped I was able to load up quite a bit today! +Hey guys, just a quick post here to let you know that everything is fucked. Thousands of entertainment and art professionals have gone from 100 to 0 in the space of a week. I was making about $9,000 a month, and now I am effectively making $0. + +My work consisted of casual work (that's all gone), self-employed work (that's all gone), and a few contracts, from which I have been applied the 524 of the Fair Work act (stood down without pay). + +I just wanted to come here and just talk this through with a few of you, since I see people saying unemployment will rise. It's already risen. Unemployment will rise MORE if anything. + + +Just to clarify, I am not all weepy shitty, and i am working to figure out ways to weather this situation. I am also one of the lucky ones, as my income is considered high for the industry (I work like a beast though, but I am young so who cares), and I managed to put aside around 7 - 10 months of expenses as safety, and I have this forum to thank for that advice. + +I thought I would be able to weather the falls on the stock market as I was up a 37% at the beginning of Feb. Well, that's all fucked now too - I mean, lol right? + +I never cared too much for super, as I am self-employed and liquidity is quite important. But that's fucked too. + +I am glad there's food in the fridge, my partner is fully employed and quite busy atm processing the shitstorm, and we have family to support us with frozen meals and a roof. + +I am only posting this here to inform the general population of this group that unemployment is effectively already higher. There is no one in the arts, besides administrators, that's currently usefully employed. Opera House is closed, all productions are cancelled. I remember 2008, the thing was more gradual. This has happened within the space of 3 days. The Fair Work act /s is a joke, arts funding in this country is ridiculous, these companies are living month to month, some of them employing hundreds of highly skilled professionals, and the casino is still open. It's not that there's no work out there for us to do. There's plenty of work! We are just not allowed to do it. + + +For an industry that moves billions, I don't see enough support from upper levels of government, if any at all. NZ has announced a package that focuses on maintaining the living conditions of those affected, make rent at least. Here? Pft. Don't know. + + +Quite disappointing as well is the way some of the companies I am working with have handled the situation, with some of them emailing us copy paste emails at 8.20 pm to inform us of the decision of standing us down, others putting public announcements on facebook, and other staying in silence until you actually ask them whether they will continue to pay their casuals. Others, thankfully have shown some bloody leadership and offered to cover payments up to a certain date or to find alternative duties to keep you busy/employed/useful or help transition to the new reality. + +There are thousands of people in facebook groups offering any sort of service to help weather this rout that we actually don't know how long will go for. It's overwhelming. No one is really offering help. I have my savings, and I can't complain that there isn't food in my fridge a roof above my head. But who is taking care of the many more, and I know they are a majority, who can't say the same. + +Damn times to be an artist. I think it's just crazy how fast this has happened. And I am not sure what the lesson to be learnt here is, other than there's only so much we can control, and that much is very little. +Guten Morgen to this global band of Apes! 👋🦍 + +What a moment to be holding GME! +Seemingly out of nowhere, a media blitz was coordinated to surface information about something that happened nearly two years ago. +This news appears to have had the impact of dropping the price 8%. +Of course, and completely by design, this news hit on the day that GameStop released the wallet for iOS. +While I have a hard time believing that that is the only reason for the release, it jacks my tits nonetheless. + +Naturally, the news that someone with a track record like Carl Icahn shorted GME is going to move the market. +They conveniently left out plenty of details. +The dip comes at a time when cash is tight for many SHFs, especially with their darling FTX going bust. +As we watch the fallout, I cannot help but wonder if this is the final dip before the rip. + +Today is Tuesday, November 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$25.55 / 24,93 €** *(volume: 1762)* +- 🟩 115 minutes in: $25.52 / 24,91 € *(volume: 1535)* +- 🟥 110 minutes in: $25.51 / 24,90 € *(volume: 1531)* +- ⬜ 105 minutes in: $25.52 / 24,91 € *(volume: 1520)* +- ⬜ 100 minutes in: $25.52 / 24,91 € *(volume: 1508)* +- 🟩 95 minutes in: $25.52 / 24,91 € *(volume: 1508)* +- 🟥 90 minutes in: $25.50 / 24,89 € *(volume: 1508)* +- ⬜ 85 minutes in: $25.52 / 24,91 € *(volume: 1229)* +- 🟥 80 minutes in: $25.52 / 24,91 € *(volume: 1224)* +- ⬜ 75 minutes in: $25.54 / 24,92 € *(volume: 1133)* +- 🟩 70 minutes in: $25.54 / 24,92 € *(volume: 1132)* +- 🟥 65 minutes in: $25.48 / 24,86 € *(volume: 1007)* +- 🟥 60 minutes in: $25.54 / 24,93 € *(volume: 766)* +- 🟥 55 minutes in: $25.55 / 24,93 € *(volume: 762)* +- 🟥 50 minutes in: $25.55 / 24,94 € *(volume: 691)* +- 🟩 45 minutes in: $25.55 / 24,94 € *(volume: 691)* +- 🟥 40 minutes in: $25.55 / 24,94 € *(volume: 638)* +- 🟩 35 minutes in: $25.55 / 24,94 € *(volume: 635)* +- 🟥 30 minutes in: $25.54 / 24,93 € *(volume: 635)* +- ⬜ 25 minutes in: $25.55 / 24,94 € *(volume: 424)* +- ⬜ 20 minutes in: $25.55 / 24,94 € *(volume: 310)* +- 🟥 15 minutes in: $25.55 / 24,94 € *(volume: 305)* +- ⬜ 10 minutes in: $25.55 / 24,94 € *(volume: 305)* +- 🟩 5 minutes in: $25.55 / 24,94 € *(volume: 297)* +- 🟥 US close price: $25.16 / 24,56 € *($25.52 / 24,91 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0246. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +You heard that the world index will massively increase the amount of chinese stocks in it? + +This morning, Kyle Bass was on CNBC saying that the Chinese government controls its public companies, that when you buy a chinese stocks here, really, you own no part of the company. You own some kind of tracker. In the event of a bankrupcy, westerners would be left with nothing. + +I own a position in the world index through a Vangard ETF and so, this affects me and I dont’t feel one bit comfortable with the re-weighting. I don’t want a good part of my savings go to stocks that are not really stocks. + +I also certainly don’t like how the chinese government is engineering their economy. What if like Kyle Bass says, their 10% GDP money printing catches up to them in 2 years and their stock market goes down hard? Sure it may go up in the short term but they are slowing down. If you look at the long term chart of chinese market, it looks terrible. + +Here is the interview: https://www.cnbc.com/2019/03/04/kyle-bass-predicts-us-interest-rates-will-head-back-to-zero-in-2020.html + +What do you think? +I'm looking for advice from seasoned Python algorithmic traders. + +Creating a script that runs a strategy, handles data, executes orders in Python is easily done a multitude of ways. But how do you start to scale this out? Moving from one running strategy to multiple, could be 5 or 10, not millions + +Data storage, loading and processing, multiple strategy execution etc. + +Would love to hear different approaches. +I'm looking for advice from seasoned Python algorithmic traders. + +Creating a script that runs a strategy, handles data, executes orders in Python is easily done a multitude of ways. But how do you start to scale this out? Moving from one running strategy to multiple, could be 5 or 10, not millions + +Data storage, loading and processing, multiple strategy execution etc. + +Would love to hear different approaches. +Stock futures fell sharply on Monday night, as traders continue to monitor brewing tensions between Russia and Ukraine. + +Futures tied to the Dow Jones Industrial Average were down by 454 points, or 1.3%. S&P 500 futures slid 1.7%, and Nasdaq 100 futures were off by 2.4%. + +Russian President Vladimir Putin said Monday that he would recognize the independence of two breakaway regions in Ukraine, potentially undercutting peace talks with President Joe Biden. That announcement was followed by news that Biden was set to order sanctions on separatist regions of Ukraine, with the European Union vowing to take additional measures. + +Putin later ordered forces into the two breakaway regions. + +The news came after the White House said Sunday that Biden has accepted “in principle” to meet with Putin in yet another effort to deescalate the Russia-Ukraine situation via diplomacy. White House press secretary Jen Psaki said the summit between the two leaders would occur after a meeting between Secretary of State Antony Blinken and his Russian counterpart Sergey Lavrov + +Also did anyone see the Russian stock market take a massive shit today? +[https://www.cnbc.com/2018/07/06/nonfarm-payrolls-june.html](https://www.cnbc.com/2018/07/06/nonfarm-payrolls-june.html) + +Not sure how there are more jobs but also an increase in unemployment... +I’ve been asked multiple times how I think Coinbase (and other exchanges) will handle the Segwit2x hardfork in November. For background, although I’m no longer working at Coinbase, I was previously Director of Engineer at Coinbase and led the GDAX team, and I still give Coinbase advice. This is how I think this 2x hardfork will play out… + +With the ETC and BCH hardforks, it was clear that those 2 coins will be the minority fork, so it was safe to use a wait-and-see approach. So Coinbase didn’t support those forks initially. And only if there was traction on those forks, would Coinbase spend the time and resources to support those forks and let people access their coins on the minority chain. That is what Coinbase did with both ETC and BCH hard forks. + +For the 2x hardfork, things are a bit more tricky. 2x is supposed to be an upgrade to the Bitcoin protocol. What that means is that ideally everyone should upgrade to the 2x code before the hardfork and the hardfork will just happen and everyone would just switch to the new chain and no one would be on the old chain. This only works if **everyone** did this. Because this is a hardfork, if not everyone upgrades, then there will be 2 chains. The supporters of 2x and the NYA agreement believe that if all the mining hashrate switches over to the 2x chain, the original chain will be dead and no one would use it. But how is that different than fiat currency, where miners decide (by fiat) that your old bills are no longer valid? Thankfully, Bitcoin doesn’t work this way. It’s the people who use the coin that gives it value, and miners will mine the coin that makes them the most money. And right now, pretty much all the Bitcoin Core developers and a large part of the community including a lot of prominent figures in this space have come out against this hardfork. + +Because this 2x hardfork is so contentious, Coinbase cannot handle it the same way they handled the ETC and BCH hardfork. In other words, they can’t just choose one fork and ignore the other fork. Choosing to support only one fork (whichever that is) would cause a lot of confusion for users and open them up to lawsuits. So Coinbase is *forced* to support both forks at the time of the hardfork and need to let the market decide which is the real Bitcoin. Now the question is which fork will retain the “BTC” and “Bitcoin” moniker and which will be listed as something separate. Although Coinbase signed the NYA agreement, I do not believe that this agreement binds them in any way with respect to how to name the separate forks. For practical reasons, the BTC symbol belongs to the incumbent, which is the original chain. This is because there will be no disruption to people who are running Bitcoin Core software and depositing/withdrawing BTC to/from Coinbase and GDAX. And only if you trade the coin on the 2x fork, would you need to download and run the BTC1 Segwit2x client. + +If the market really supports this Segwit2x upgrade, that coin will trade at a higher price. And then we will all agree which is Bitcoin and which is a minority fork. There will be no contention at that point. + +This is the advice I have given to Coinbase and I expect Coinbase and other exchanges to handle this Segwit2x hardfork in this way. +Good Morning Apes! + +Another day of low volume and getting dragged around by the market in store for us on this lovely Thursday. Nothing significant is expected today we have resistance to the downside at 197.50 and the upside at 205. Max pain currently at 202.50 ideally we hold this channel while they crush IV. Expect shorting on wide bid spreads to drop us to lower channels as they angle to bring down the price without jumping the volatility. SPY is green in the pre-market so if we do get dragged around hopefully it's slightly to the upside. + +[GME Technical Supports](https://preview.redd.it/jm21wa1g0zy71.png?width=2456&format=png&auto=webp&s=421368ed2681495512a4f596342abb247c3a9ca0) + +If we fall through the long-term trend that we regained last week this presents and excellent buy opportunity and a chance to average down, for those that know how and have bought the shares they are going to buy a test of the EMA 160 presents and excellent opportunity to buy long-term option positions. + +Had a nice [talk with Houston Wade yesterday here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +We it looks like we saw a small amount of ETF exposure play out across the market today GameStop included. A small price bump but the low volume today kept us from pushing past the pull of max pain. It is still likely we close the week out tomorrow near or at 202.50. Thank you all for hanging out I'll see you tomorrow. + +https://preview.redd.it/egslyudu61z71.png?width=713&format=png&auto=webp&s=54197e3788e3418c4e48e2afab48eec4468fac86 + +Edit 5 2:49 + +Still not a lot happing barely any volume traded since the double test in that 207.50 range price is starting to come down a bit and likely will close closer to max pain. + +https://preview.redd.it/dozxjment0z71.png?width=1582&format=png&auto=webp&s=18c5c2a69fa67eeafd2b4edea12beee694725325 + +Edit 4 12:37 + +GME slowly pushing up towards that next strike level above 207.5, could be looking at a test of 210 + +https://preview.redd.it/tfbysv3y50z71.png?width=1593&format=png&auto=webp&s=554d5aefc0165f2af51a6fe6d3b1d5d87eeac879 + +Edit 3 11:36 + +Gme getting ready to test 205 volume is low but there doesn't seem to be a lot of active shorting + +https://preview.redd.it/gliczjf6vzy71.png?width=1581&format=png&auto=webp&s=e141f18c7785555049a62d3e1c49cba3415c6ad1 + +Edit 2 10:50 + +A bunch of the other Retail ETF stocks are moving hard right now M, DDS, JWN, BBBY...we may see some of this covering play out on GME if there are FTDs that need to be handled + +https://preview.redd.it/t474l6e1nzy71.png?width=1579&format=png&auto=webp&s=6f38d3d2d2a5f1f778eed4d544ef3b23d1e7dba8 + +Edit 1 10:01 + +GME bouncing to 202.50 then finding support again at 200. volume at 237k + +https://preview.redd.it/kmpz4ok8ezy71.png?width=1590&format=png&auto=webp&s=a41b8dbacbaf3fa06071a7e56c539f9af93f72d7 + +# Pre-Market Analysis + +Volume: 9.65k + +Shares to Borrow: + +IBKR: 250,000, borrow rate down to 0.7% + +Fidelity: 1,068,284 @ 0.75% + +Holding the 200 resistance in pre-market... + +[GME pre-market on the 1m](https://preview.redd.it/rf8uvgtn1zy71.png?width=1576&format=png&auto=webp&s=3d38628fe7d99d2d86906b6ba9ddb4a2a5f9595c) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Hello all. I have 2 loans. Student and a car loan. About 35k student loan at about 3.5% interest ($650 a month) And a 12k auto loan at about 6% interest ($300 a month). + +I have enough to pay off both these loans right now but then I will have zero money's. I want to purchase a house at the end if this year. Does it look better to have more money down or to have no loans to my name? + +I was thinking about investing a good portion if my savings but the market is due to drop as soon as interest rates go up so I don't wana just throw it away and lose it in an eft. I don't have enough time to research stocks for days either + +What should I do? +Moderately experienced planner here, been managing my families funds for several years. + +I have our emergency fund in HYSA which earns ~2% now. I’m wondering if people use I-bonds for their emergency fund. The obvious problem is the 1 year limit for accessibility with I-bonds. So you would have to put money in this and subsequently removing from HYSA once it is freely available. So my HYSA is 25k, I would pit 10k into I-bonds this year, and in a year remove 10k from HYSA and put it into brokerage, and continuing this until all 25k are in I-Bonds. But thinking 2-3 years out, this seems like a perfect account for holding emergency funds. + +Does anyone else utilize this strategy? +I would really like some advice on this. It has been something that has been on my mind for a couple of years. I am not sure if this is the right subreddit for this. Please refer me to the correct one if this is not it. I am fairly new to Reddit. + +Four years ago, I inherited a house that has no mortgage (fully paid off). I live with my mom, brother and sister. I've been paying all the bills since my siblings are going to school. My sister will be starting her career in the near future. + +I had come up with the idea that a home equity loan would be taken from the house so that me or my sister could purchase another home. We live in southern California where homes are insanely expensive and I couldn't figure how else either of us can afford a house on our own. I thought that this was the best thing to do. My sister agreed to stay at the current house since my commute is very long and I would like to move closer to my work. She works off hours so traffic is not bad for her. + +The plan is to take around a $300k home equity loan. The house is currently under my name. I am hoping to be able to take the home equity loan under both of our names or only hers if possible. I am not sure how difficult it will be to change the house over to her name. If you have any experience with that, I would love to hear it. + +I think that my sister will be able to handle the expenses with the help of my brother once he starts working in a couple of months. I do not plan on doing the home equity loan until I we are all confident that we can handle it. + +If I have to have my name on the home equity loan would that make it more difficult for me to purchase another home? Will I still quality as a first home buyer? + +Any advice would be great. I am considering talking to a financial advisor, but am not sure if it's necessary. + +EDIT: I think I didn't explain the situation well in my post. I feel like my sister deserves half the house as the person I inherited from also loved her a lot and would want her to have half. It is not ideal for both of us to live in the same house forever since we will both have our own families. + +I know it isn't the best idea to take out a home equity loan to get another house and risk losing everything, but I'm not sure how else to do it so we both are able to have our own homes. We are both very responsible and are good at managing money. + +I guess selling and splitting everything would be best... But this house is also the house we grew up and lived in pretty much our entire lives. +I know there are different designations and I hear some of them try to sell you things (?). I don't want to mistakingly go to someone that deals with business/really high income clients. I'm a recent grad with good income but a lot of educational loans and want help with loan payback strategy and saving for the future. Any advice is greatly appreciated! +I’m 18, about to head to college, and have been working a part time job and saving up my money and by the end of this summer I will have a few thousand dollars of my own money saved. Like my headline says, I want to get into investing (admittedly on a small scale). Where should I look for resources and information, and how do I go about actually investing, and again, what resources should I look at to get started? If anyone has any ideas or advice I’d love to hear about it and learn! +If yes, how did it affect your trading? + +What is some key information that helped you? + +Did it help you overall or just in one part of your trading? + +I'm planning to read it but it seems to me that it doesn't provide much technical analysis, just psychology which is kinda useless if you don't know what you're supposed to trade. I may be wrong, so am I posting this. + +Thanks! +I will be sharing it. Use it or not. + +It involves 2 accounts, one for trading small and recognizing patterns and one for trading bigger lots + + +I usually only trade the main pairs but i assume this works for any. + +I start by setting a trade in the direction of the Pairs movement looking at the D1 timeframe. + +If the pair has been going down for the last year i sell for .01 + +I do not set a stop loss. + +usually the pair patternizes to a central price. For example i will be profiting 1.00 dollar and then it drops to -2.35 then back to 1.00. + +I know that the next time it hits -2.35 i will set a trade in the direction opposite of my original trade on the second account. Only bigger. Sometimes standard lots sometimes less with a stop loss. + +Ive been doing this for 6 months and manage a stable 2k/month. + +i started with 1,000 dollars. + +I use Oanda for my microtrades and Tradersway for my bigger trades. + +Please review this strategy and tell me why i should stop using it. + +It doesnt seem like it will work in the long run. + +But this is the main technique i use for everyday trading, + +Edit: sorry guys at work. Will respond when i have more time. + +Edit 2: There has also been some speculation as why i just dont use a demo account to determine patterns. No clue maybe its just because a real account for both makes it more "real?" in a sense. It just doesnt feel the same honestly. +* Stop searching for perfection. +* Market is not perfect all the time. +* Don't predict, react. +* Take the risk or lose the chance. +* Repeat the process. +Recently I have been really dialing in on the relationship between gold, oil, & s&p500 of the majors in relation to their exogenous currency value, and it seems gold is far more important in analysis than people seem to believe. Here's a couple of videos I have watched recently that I think everyone here would find useful in learning about gold. The first video has many samples on how you would analyse gold. The second is a point of view from a lady who has dedicated most of her professional life to truly understanding gold and it's trade flows. + +[https://www.youtube.com/watch?v=1N6JARaxoAc&t=1s](https://www.youtube.com/watch?v=1N6JARaxoAc&t=1s) + +[https://www.youtube.com/watch?v=zjtcrK3cF4M&t=1s](https://www.youtube.com/watch?v=zjtcrK3cF4M&t=1s) +If yes, how did it affect your trading? + +What is some key information that helped you? + +Did it help you overall or just in one part of your trading? + +I'm planning to read it but it seems to me that it doesn't provide much technical analysis, just psychology which is kinda useless if you don't know what you're supposed to trade. I may be wrong, so am I posting this. + +Thanks! +BTW, I lost 60% of my initial investment in Bitcoin and some other altcoins 1 week after I made my first time purchase. I felt like throwing up, but after that dump, I started to do research more about Bitcoin. It's the future. And then I started to HODL and DCA my purchase. I felt nothing about yesterday's dump because I was still in huge profit even when Bitcoin correct 50% + +Remember, + +1)the government are printing unlimited amount of Fiat currencies + +2) Smart Money (Whales) number are growing rapidly + +3) The retail investor FOMO hasn't really started yet + +4) Time in the market will beat timing the market + +So, stop freaking out, and start HODL the fuck up! +This is how it ends. They throw literally everything they have at it. Close their crypto positions, blow synthetics out the park, drive price down as much as possible. This is their last ditch effort to to get us to sell. I don't want to say hedgies are stupid because they're not. **They simply underestimated us.** +So I recently accepted a job offer and there’s an interesting choice I have to make. There are two options for the pay: + +$28 an hour with PTO and paid holidays. You accrue 2 hours PTO every 40 hours worked. + +$29 an hour with no PTO and no paid holidays. + +At first I thought it was obvious I should go with the PTO but I’m thinking the math actually works out to more pay with the $1 (assuming you have no unexpected days off). This is full time btw. + +What would you choose? + +EDIT: I clarified with the recruiter and you all were right. The PTO accrues 2 hours every 40 hours worked not every 2 weeks like the other person told me. + +I should have mentioned before- they have 12 holidays off a year. + +EDIT 2: wow thank you all for your responses! Either way I choose this will be the most I’ve ever made and this will be so good for my family. I think I will choose the PTO. +Warren Buffet is something called a value based investor. He doesn’t just look at numbers on a chart to decide what to buy. He looks at the quality of the company and the value and potential value the company brings to the industry. Buying ethereum is value investing because we all know the potential value of ethereum is very high with further adoption, eth2, layer2 scaling. + +Buying doge though is just gambling. It has no further use cases than what it’s already achieved. You can transfer doge from A to B. You can’t do anything else with it. Unfortunately there’s a lot of people who compare doge to ethereum and they don’t understand the technology or the difference between gambling or value based investing. They think doge is the same as ethereum and they’re buying one generic thing over the other. How wrong they are! + +This is important because not only does it mean ethereum is the safer coin to invest in for the future, but it’s also the more stable one to hold in a crash. The people who DO understand the technology are buying ethereum. The gamblers and get rich quick types are buying doge. These people are much more likely not to stick around in the long run, and will panic sell at the first opportunity. Doge’s price is a lot less stable then ethereums as a result. + +So really the choice here is obvious. Are you here to gamble on hype alone, or are you here to invest in what is clearly the future of finance? +We have another 2 to 3 weeks before the price shoots back up. +How do I know, you ask. It’s pretty simple. I’m currently in between jobs and can’t spare the money to invest right now. I also won’t be starting my new job for another week or two, so that means I won’t be getting a paycheck for at least another 2-3 weeks. That being said, I can almost guarantee that the price will stay pretty low for a while and then skyrocket right before that first check hits my bank account. +I’ll keep you guys updated so you can buy accordingly +#EDIT 2: + +The app was updated a little while ago. I installed it and sniffed my packets to see if they were using SSL for all of the API calls and they are. This isn't an issue anymore. Special thanks to the Blockfolio development team for responding to this issue so quickly. + +------- + +> EDIT: On Blockfolio's telegram, Blockfolio Harold said that they are rectifying the situation. I believe that means they are adding an SSL certificate. We should find out soon. + +Thanks to /u/Bitcoin_Error_Log, as detailed in their [blog post](http://bitcoinerrorlog.com/blockfolio-crypto-portfolio-app-is-snooping-on-users), we now know that Blockfolio is vulnerable in its current state. Unfortunately, I think they focused on the wrong part of this problem. The issue isn't that Blockfolio is collecting this information. From the way the app works, I could tell this is what was happening, and my beliefs were validated when I reviewed their TOS: + +> You retain all your ownership rights in your Portfolio Data. *You shall be solely responsible for your Portfolio Data and the consequences of submitting and synchronizing your Portfolio Data on the Blockfolio Properties. The Company, in its sole discretion, may reject any submission of Portfolio Data for any reason.* The Company may share, sell or rent aggregated Portfolio Data with third parties to compile usage trends and statistics, for research purposes, and for other general analysis. Please refer to the Company’s privacy policy for more information on how the Company uses information from the Blockfolio Properties. + +The italics are mine, but this basically says that they save your portfolio on their end, and also that they will sell aggregated data about their users. + +------- + +# THE REAL ISSUE + +Through snooping on their own connections, /u/Bitcoin_Error_Log found that the app makes an API call to get your crypto holdings. The problem is that this API call is neither authenticated nor encrypted via HTTPS/SSL. This means that if you use your Blockfolio app on an unencrypted/unsecured Wi-Fi network, or you use it on a malicious Wi-Fi network, anyone that is watching can see the API call which looks like this: + +* http://api-v0.blockfolio.com/rest/get_positions_v2/your-device-id-here/USD-BTC?fiat_currency=USD + +When they see that, all they have to do is take that URL and they will have all of your USD-BTC crypto holdings. To see the rest of your holdings, all they have to do is change the currency pair while keeping your device ID the same. + +In addition, it looks like you can add buys and sells to people's account if they know the device ID using this API call: + +* http://api-v0.blockfolio.com/rest/sync_holding_positions/USD/BTC?token=your-device-id-here&id=80&price=0.0&quantity=0.0&exchange=bittrex&date=146676131432 + +Source: Am a web developer. + +*Special thanks to /u/Bitcoin_Error_Log for finding all of this out. The only reason I made a new post was to put more emphasis on the Security issue, and less emphasis on the data collection issue.* +Why is it a life goal now that it is $3100 dollars? ETH has been out since 2015. It's cool you own 1 ETH and we get it but what makes it so enticing at 3000 dollars vs 89 dollars? + +FOMO is a powerful force that's for sure. +Why is it a life goal now that it is $3100 dollars? ETH has been out since 2015. It's cool you own 1 ETH and we get it but what makes it so enticing at 3000 dollars vs 89 dollars? + +FOMO is a powerful force that's for sure. +To help figure out what major choices I should make I try to think about what I would regret not doing 3-5+ years from now. The hard part about that is I don't really know what I would regret, other than the obvious things such as work hard, don't burn bridges, etc. If you seasoned folks out there could give me some ideas who knows how much they could help my career/life further down the line. + +What are some things that you wish you did or started doing when you were fresh out of college and just starting your career? +Recently has been more prominently in the news: [https://taxfoundation.org/new-york-stock-exchange-nyse-new-jersey-financial-transaction-tax/](https://taxfoundation.org/new-york-stock-exchange-nyse-new-jersey-financial-transaction-tax/) + +&#x200B; + +But is it realistic? 0.25 cents is huge, there is no way exchanges can afford that. Also why would it impact speed traders if the exchanges can't pass the cost on? (There are legal caps on exchange fees per rule 610 of 0.3 cents) +Hi, I am looking to get a membership at Quantstart to learn algorithmic trading. Just wondering whether anyone has tried using the platform and what are your thoughts on it +Our parents(60s) wants us, me(25f) and my siblings (27M, 24F, 21F), to buy a family house as our lease is ending. Theyre old and cant work anymore and are relying on us for their needs. Generally most me because I earn more that my siblings. + +So its been months since ive been checking out places they generally cost about $160k-200k where i live(Not in US). And yes my situation is very common here. + +I make about 24,000 a year and my siblings probably about 2/3rds of that. (We live where cost of living is somehow low but still doesnt make up for the stress of life). + +So ive been trying to talk to each about how we should pay, how much should each contribute, ect but its been hard since we dont really make a lot of money. I also dont want to be stuck in paying a loan all my life if i push for a longer term loan. + +Also im working at home and soon we're going back to the office, ill be leaving to the city which will cost me another for rent. + +Stress is taking a toll on my mental health. Really need advices or probably options on how i should manage this. :( + +Edit: All of us are working but theyre not stable yet with his job. + +Edit: sorry i didnt note this. My dad is still recovering from stroke and my mom is taking care of them. Theyre almost at their 70s and ive considered them old mainly because 60 is the age where people are already forced to retire or laid off their jobs. My dad did take part time classes online for extra money. They couldnt give him full load because of his age and pay was lower. I know this sounds as im defending them for not working but i hope this clarifies it. Mom had to retire too due to complications on the gut. Shes recovered but shes mainly at home now. + +EXTRA NOTE: Im still reading most but id like to thank everyone giving me notes about this. I am grateful for everyone giving me options and scenarios. This will really help me with explaining to them. Im writing them all down and will set a meeting with the family when theyre home. + +Edit: sorry i didnt really think about this but yeah i live in Philippines. I do hope my siblings dont get to read im posting here in reddit. They often past time here. + +Edit: tried to talk to my brother. He wants to buy the house. Told him we should sit down about it before lashing out to me. Good luck to me. +Stocks To Watch As The Lithium Boom Kicks Into High Gear + +#1 Tesla (NASDAQ:TSLA) +#2 Medaro Mining (CSE:MEDA; OTC:MEDAF) +#3 Albemarle (NYSE:ALB) +#4 Teck Resources (NYSE:TECK, TSX:TECK) +#5 Lithium Americas Corp. (NYSE:LAC, TSX:LAC) + +#lithium #batteries #cleanenergy #stockstowatch + +https://www.nxtmine.com/news/articles/energy-critical-metals/tsx-lac-3-stocks-to-watch-as-the-lithium-boom-kicks-into-high-gear/ +https://www.sec.gov/about/sechistoricalsummary.htm + +Jay Clayton is a name that shouldn’t be forgotten and looked into. SEC Chairman from 2017-2020. + +Robert J. Jackson Jr. - Commissioner from 2018-2020. + +There’s several people still working at the SEC that have been around for at least a few years. + +Do your thing apes. Corruption is all around us. Would hate to let some guilty people receive a get out of jail free card. No cell no sell. + +Sending love and HODL. + +Edit: Jane Norberg was the Chief of SEC office of the Whistleblower. She was chief since 2016 and decides in resign this April. +Hello. I was hoping for some guidance for my current situation. Why wife unexpectedly died of a stroke last week, leaving behind me and our 3 boys - 8/5/1. + +We both worked and made decent money for our Southeast location. 70k for me and 47k for her. I will be moving into our new built home next week with our 3 boys. I am not too worried about living on my income but do have questions about planning for mine and the boys future. I current have 50k in saving 25k in retirement account and will be receiving 50k pay out for life insurance. Our only debts are 13k car and our new 260k house. My kids will recieve about $1k/month divided between them in social security benefits. + +Other than continuing my 6% employer match, and trying to max my Roth, where is the best place for additional funds for my boys. Also, what route is best for life insurance incase of my passing? + +Edit: I'm 30, wife was 31. +Cybersecurity is a critical component of financial security, but rarely discussed in personal finance circles. Note that cybersecurity practitioners disagree over best practices for personal cybersecurity. This is my perspective, as I have some expertise in the area. This guide was posted to r/fatFIRE as part of my ongoing Fat Guide series. + +As a member of r/personalfinance, you likely have a little bit more money and better credit than the average person, and so are a particularly juicy target for attackers. This guide is written with the intent of preventing attacks from strangers and people you know. Obviously, more skilled attackers who are targeting you specifically will get you eventually, so we won’t cover that. + +Good cybersecurity protection consists of prevention, so you don’t get owned, and monitoring, so you know when you’re owned and can take action to remediate the damage. A common method for attacks is that a website’s database gets compromised and your information is stolen, which could be passwords or credit card info. This information is then used to harm you. You can check haveibeenpwned.com to see if your email is known to be compromised. You should move forward with the assumption that your information is out there, as that mindset will help you the most. + +**Passwords** + +One of the reasons email/password credentials are so valuable to attackers is that most people reuse the same passwords for everything. Ideally, getting my Reddit email/password combo would only allow a malicious insurance broker to post about the benefits of whole life insurance on r/personalfinance, which would be a travesty but not disastrous. However, many people reuse passwords so stealing my reddit credentials would permit them to log into my bank account, email, etc. + +You should be using a unique, strong password for each site, but since that’s hard to remember, you should use a password manager like Lastpass. Using a password manager guarantees a unique, strong password for each site. The only passwords you should keep outside of Lastpass are your lastpass password, your email(s) password, and your computer password. You may ask what happens if Lastpass or other password managers are hacked. I won’t get into the technical details, but your information is generally safe even after breaches because the company doesn’t’ hold the encryption key to your data, you do (as your password). Security experts agree that using a password manager, even one with potential vulnerabilities, is generally safer than not using one. This is a bit of an oversimplification, but it's true. Use a password manager. + +**2 Factor Authentication** + +Obviously, two factor authentication improves your situation by preventing someone from compromising your account if they only get your username/password. However, traditional 2FA methods like email or text can be phished. There are many scams where someone calls you, pretending to be your bank, and then tells you to read them the number texted to you to “authenticate yourself.” Meanwhile, they login or reset your password with the code and clean you out. Another method, “SIM swapping,” which was recently used to steal Jack Dorsey’s (twitter CEO’s) twitter account, is where the hacker convinces your phone provider to switch your number to the attacker’s SIM card in their phone. You can’t defend against this, so phone 2FA is never perfectly safe. + +The solution? Security keys, such as Yubico’s Yubikeys or Google’s Titan keys. These are physical devices that provide a code, and can be used for 2FA on Google, Facebook, Vanguard, Reddit, Lastpass, and many more. Unfortunately, few commercial banks support security keys including Ally (please message their customer support about this, they need to support it). Security keys cannot be compromised outside of stealing the key as they require you to have physical possession of the device. Of course, you need two of them in case you lose one or it breaks, or else you’ll get locked out of your accounts. With premium Lastpass, you can use security keys to protect your Lastpass passwords as well. This is a great tactic. + +**Protecting Root** + +Getting “access to root” means you have access to everything. In this case, “root” is your email because you are generally able to reset your password on other accounts from your email (I suppose your phone or pc may be as well, more on that below). My recommendation in this case is to use Gmail with the advanced protection program (requires security keys). This will make it virtually impossible for anyone to access your account but you. However, if you lose both your keys you will have to wait a few days for Google to confirm who you are so you can get back in. One of the other advantages to using security keys is that “root” doesn’t really exist anymore on any account using them, as even if an attacker breaks into your email they can’t bypass security key 2FA for other accounts. + +My other recommendation is to use two emails, one which you use publicly and the other privately. Use the public one for whatever: social media accounts, receiving forwarded articles from your crazy grandpa, applying to jobs, etc. The private one should be used only for your financial accounts, such as banks, brokerages, and credit cards. You can also use this email for Lastpass. You should never provide this email to anyone, ever. This will make it very hard for someone, even someone who knows you, to guess what email you use for your finances. Ideally, you’d be using a separate computer, like a $200 chromebook, as the only computer/phone from which you access this email or financial accounts, but that’s pretty paranoid and not necessary. Both of these Gmail accounts should use unique, strong passwords you have memorized, and not be stored in a password manager, just in case. + +**Protecting Other Accounts** + +Protecting all other accounts is straightforward: use your password manager for a password and use 2FA (preferably with a security key) wherever possible. You never know which account will give an attacker the info they need to own you, which could be your address, phone number, etc. Imagine if your spouse or mom got a Facebook message from “you” saying you forgot your SSN and need it right away. Many accounts, particularly financial accounts, may contain tax forms with your social security number. Most people don’t realize their college account, which may have financial aid tax forms, may have this info. Protecting your SSN is really, really, hard, which leads us to… + +**Financial Information** + +Frankly, protecting your SSN today is basically impossible. If you used credit before the Equifax breach, your info is probably in the wild and could be used today or 50 years from now. If you have no immediate plans to use your credit, freeze it with every major bureau. Also, set up credit monitoring so you know if anyone opens an account in your name. Unfortunately, there is not much you can do to prevent your SSN being compromised. Your SSN is everywhere, from banks, to colleges, to your employer, to your doctors/accountants/lawyers office. It is a literal disaster that will hopefully be corrected, but probably won’t. + +Credit cards are equally challenging to protect (if not more so). You should use credit cards and not debit cards wherever possible, as it is unlikely you will successfully dispute debit card transactions. It is common for credit card info to be stolen via database hacks (do you really trust every vendor you use your card at?). Apps like Apple/Google Pay are actually even better as a result, as they use a one-time code for the transaction that cannot be used afterwards, so it doesn’t matter if they are stolen. Here, I will also note that while RFID-readers reading your credit card while you walk by on the sidewalk is technically possible, there has never been a documented case of it occurring and the RFID-blocking wallet is totally unnecessary as a result. + +A critical component is, again, monitoring. You can typically configure text alerts for every credit card transaction. I receive a text every time any of my cards are used. This helps identify fraudulent transactions in real-time. + +Lastly, it is often possible with banks to set up a challenge/response for phone calls. They might have to provide you a code to authenticate themselves as your bank, or they may ask you a security question/ask for a code to authenticate you. This is very helpful at stopping social engineers from stealing your info, either by pretending to be your bank calling you or pretending to be you calling your bank. Keep in mind, though, that many “security questions” are awful and can be found on your facebook. So pick a weird one, like “Who was your least favorite teacher in high school?” + +**General Device Security** + +Device security is really fraught and challenging. From a phone perspective, you should of course use some sort of authentication (such as fingerprint, passcode, pattern), on your phone and also on each of your financial apps, so stealing your unlocked phone doesn’t grant automatic access to financial accounts. Aim to only install apps from trusted sources, as multiple apps that have 10-100 million+ downloads have been demonstrated malicious. + +PCs are a little more challenging. Chromebooks are the safest PCs from a security perspective. If you ask me what the best antivirus is, it’s a chromebook. Seriously, if you’re going to get a laptop for anything but gaming or video editing, get a chromebook. Despite what many laymen say, Macs aren’t technically more secure than Windows, but attackers are less likely to target them because they are less common. As you do sketchier things on the internet, you are more likely to get owned. For example, regular browsing on trusted sites is typically safe. Going on adult or illegal streaming websites may have malicious pop-ups or ads. Torrenting is more dangerous, and the dark web can be extremely thorny. As a result, I strongly recommend that if you want to engage in unsafe behavior (i.e. torrenting) on the internet, at least keep a separate $200 Chromebook only for all your finances, and don’t access those accounts from any other device. No reason to lose tens or even hundreds of thousands of dollars because you didn’t want to spend $20 on a video game. + +As far as anti-virus goes (if you have to use something other than a Chromebook), Bitdefender is a pretty good bet, but there’s a lot of good software out there. Personally, I’d be wary of anything Russian or Chinese either as security software (Kaspersky) or as a device (Huawei). Chinese manufacturers are known to insert backdoors into their devices. In one particularly ironic instance, a chinese manufacturer perfectly copied an American device down to the typos in the manual, but their version had twice as many security vulnerabilities. This is one of the reasons letting Chinese manufacturers build 5G infrastructure in Europe is so worrisome. + +In a similar vein, public wifi is questionable. There are a lot of opportunities for attackers associated with public wifi networks. HTTPS stops many of these, but tools like sslstrip highlight some vulnerabilities. A VPN may be helpful, but most free VPNs are awful, so do as you will. + +**Summary** + +Someone before asked for a flowchart or something of the sort, so here is a concrete action plan: + +1. Get at least two security keys (i.e. Yubico) +2. Set up a public and private gmail account. Your private email should not be linked in ANY way to your public email and should be given to no one. +3. Turn on advanced protection on both gmail accounts and link to security keys +4. Get a password manager like Lastpass. If you get Lastpass premium (recommended), add your security keys for authentication. +5. Generate new passwords using your password manager for all accounts but your emails, pc password, and your password manager itself. +6. Associate any financial accounts, such as credit cards, banks, brokerages with your private email +7. Turn on 2FA (with the security keys wherever possible) on all accounts, as well as login alerts. +8. Turn on text/email alerts for any credit card charges or bank transactions, as well as credit changes. +9. Make sure your phone is locked by some authorization measure, as well as your financial apps individually. Preferably a password. Added bonus: cops can’t get a password but can force your fingerprint or face id, a current dispute in the courts. +10. Optionally freeze your credit. +11. Optionally get a cheap chromebook as the only computer on which you do financial transactions. +12. Optionally encrypt your phone and hard drives. + +This may seem overly paranoid for some of you, but using a password manager with security keys wherever possible, and 2FA where not, as well as Gmail’s advanced protection program is your best bet for protection on the web. You should configure monitoring for your accounts, SSN, and credit cards so you are aware of when they are used in real-time. There is obviously a lot more that could be covered, but the goal of this guide is not necessarily to make you impervious to attack, but rather to make you a very hard target so attackers give up and ignore you. Frankly, nothing will destroy your financial situation faster than a hacker who cleans your clock. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +*** + +Enjoy! +Peeps -- Waffles is LIVE, baby. [www.waffles.finance](http://www.waffles.finance) + +Waffles is a FREE intuitive visualization and analysis tool for U.S. equity options. + +If you don't already know, Waffles rethinks how you build trades. Simply load a pre-built or saved strategy and waffles will do the work for you. No fuss. No more tedious option picking. + +[toggling between pre-built strategies](https://i.redd.it/9lfb6gfoq7k51.gif) + +Once the trade is built you can customize to your heart's desire. And can reposition the strategy in seconds- even using hotkeys if you'd prefer 🔥.  + +[repositioning iron condor using hotkeys](https://i.redd.it/pxzpw2mpq7k51.gif) + +See the impact of vol and theta / time-decay in real-time using sliders.  + +[vol crush simulation using slider](https://i.redd.it/4q0plcdsq7k51.gif) + +[time-squeeze using slider](https://i.redd.it/rzwwj2cwq7k51.gif) + +[theta-decay using slider](https://i.redd.it/ym3j5s00r7k51.gif) + +Let me know your thoughts! I am full-time dedicated to this and I'm planning to grow the team, so stay tuned! Waffles is setting out to revolutionize the option DD and analysis experience. + +EDIT: since this is the first launch and there may be some issues, please dm me your issue and I'll try to implement a fix ASAP. + +EDIT: thank you for the positive feedback. It means a lot given that a ton of work has gone into this for you all. I have three asks of you + +1. please share with others who may benefit +2. Let other users know of Easter eggs or features you find useful that I haven't described (like changing the metric to imp vol in the option selector menu / table) and +3. please dm me email me any bugs so I can squash them 🐛 and / or feature requests. + +EDIT: fixed multiple bugs so far - please dm me right away if you find one 🎉 - including an annoying one where some of you couldn't pull in tickers like OXY because those tickers are accompanied by a digit because they have special characteristics. + +EDIT: My automatic error reporting shows that a small number of you have been unable to reach my site. Can you please dm me if that's the case! Thank you +He's 58, has about 80k in savings and 2 houses worth about 150k each, 1 he lives in, the other he rents for $180pw. Recieves a disability pension from the gov about 450pw (I think). Mum was his carer and managed all finances. +We had a family meeting and he would like help locking away a large part of the savings to get some return and make it harder to spend all at once. + + +Any advice (In General) or on how to invest the savings? +[Happy Friday R\/Superstonk, Jellyfish back at it with you with a hypothesis](https://preview.redd.it/u4r4if42d7a71.jpg?width=320&format=pjpg&auto=webp&s=b678d36021d5997ff097f08a050aaad8aaad8182) + + Before we go any further, this is not financial advice and is all pure speculation. I am 100% ready to be proven completely wrong when GameStop drops what is actually going on. + +# The Game: + +[ Minecraft](https://preview.redd.it/0z6qjatdd7a71.jpg?width=300&format=pjpg&auto=webp&s=1bd5441b9da979f4351a24a9257114af5d2a7b91) + +# Who is involved: + +[GameStop](https://preview.redd.it/8hn5k8cnd7a71.jpg?width=400&format=pjpg&auto=webp&s=4fa6d48420e3287fd400fdceddd579f3b1144c67) + +[Astro Gaming](https://preview.redd.it/r4ah2nosd7a71.png?width=224&format=png&auto=webp&s=03a228eab54240cd6112bc40e1c180cd3c779156) + +[Minehut](https://preview.redd.it/og8x5hhxd7a71.png?width=256&format=png&auto=webp&s=356b0fa3fc267bf73384145ed419a56b5dbf93d2) + +[Microsoft](https://preview.redd.it/927e29h1e7a71.png?width=299&format=png&auto=webp&s=f66c792f51c8d8cc409502593a3b72ad51ccda9a) + +# IRL Merch to pair with digital NFTs: + +[Moose](https://preview.redd.it/0vljj9yne7a71.png?width=208&format=png&auto=webp&s=32c5d5ab9f6a419d0f0c3f74e2eb9d8b641b2d1e) + +# The Event: + +[Moonjam](https://preview.redd.it/sac2485xe7a71.jpg?width=1920&format=pjpg&auto=webp&s=0be44399a6ea17467038a247681a280f40d7ba16) + +# Who brings what? + +Gamestop: GameCoin (GC? For short?) and a GameStop powered E t h e r e u m-based digital marketplace for NFT transactions. + +Astro Gaming: Esports marketing and gaming peripherals partnership with GameStop + +Minehut: The infrastructure service provider to power the Minecraft multiplayer servers that are guided by GameStop smart contracts—taking the role of server operators. + +Moose: Real-life merchandise products tied to NFT creations. + +# How I see this going down: + +GameCoin (GC?) isn’t an NFT per se but the governance token of the Moonjam platform, a GameStop powered E t h e r e u m-based NFT marketplace and metaverse leveraging Minehut’s infrastructure to power a Minecraft NFT gaming and metaverse experience in association with Astro Gaming for Esports and gaming peripheral tie ins. + +Moonjam will be a blockchain-based GameStop-powered Minecraft metaverse that allows players all the power in choosing how to play the game with in-game rewards powered by smart contracts. This could be distributed as a Minecraft in-game currency, GameCoins?, or a combination thereof? + +https://preview.redd.it/y24fjv7df7a71.jpg?width=300&format=pjpg&auto=webp&s=9634bd0c1604b88a1877c6749436cd3833d032d5 + +There will be an achievement system recorded on the blockchain, (taking the place of "advancements" in the Java Edition of the game, and "trophies" on the PlayStation). + +The game world is composed of NFT objects "blocks"—representing various materials, such as dirt, stone, ores, tree trunks, water, and rocket fuel, redstone, which can be used to make primitive mechanical devices, electrical circuits, and logic gates, allowing for the construction of many complex systems. I believe the core gameplay could revolve around picking up and placing these objects to build a rocket to go to the moon? + +Players have the ultimate power in how resources are allocated in this world. Players can "mine" blocks and then place them elsewhere, enabling them to build things (creating a new item/NFT with unique attributes) that they have ownership of and can choose what to do with: hold, trade in the marketplace, sell for Gamecoin, use Gamecoin to buy other resources to add on to what was previously built? The options are really only limited by the imagination as the game world is virtually infinite. + +This solution-driven by smart contracts programmed to fairly and provably power the procedurally generated world as players explore it, using a map seed that is obtained from the system clock at the time of world creation--July14 4:20pm PDT? JULY 20 | 2PM EDT | 11AM PDT ? + +For the Minecraft user experience, this allows seamless interoperability between future games and removes any barrier preventing players from traversing to locations. + +I believe the in-game time system follows a day and night cycle powered by GameStop smart contracts. + +I am sure this will touch all modes of gameplay, but I want to focus on multiplayer and the private server audience. + +For most of its life, Mojang has allowed private Minecraft servers to exist with few if any, caveats. But in June of 2014, Mojang started cracking down on private servers and limiting what made them **unique**. + +While Mojang/Microsoft is well within their rights to protect their brand and enforce their EULA, the changes have potentially damaged the community, perhaps irreparably, until now? + +https://preview.redd.it/cr9fcfjxf7a71.jpg?width=1080&format=pjpg&auto=webp&s=e3cca7aeb759bc2a02c61a63fed493793c62c585 + +Part of the reason for the popularity of private servers is the inadequate nature of official offerings from Mojang—**players want the power to create**. For example, their multiplayer platform, Realms, tries to allow this, yet it has yet to catch on in the way that private servers have, given how easy they are to set up, modify, and maintain in comparison to private servers. **This community is willing to do the work to build what they want to see, they just need the bricks!** + +That’s only one part of private server popularity, though. In many ways, Mojang/M$ offloaded the responsibility of community management and development to independent actors. **Private servers have worked hard to foster and maintain the community that made Minecraft such a phenomenon, and nft.gamestop.com will allow them a real stake in these communities they love!** + +The largest of these private servers provide a home for a competitive player base that prefers fast-paced PvP to Minecraft’s more idyllic survival mode, with the most popular modes such as Walls, Skyblock, and Factions being a combination of combat and building. + +The exact number of players playing Minecraft primarily or exclusively through private servers is difficult to quantify, but it’s significant—I have read Hypixel alone tops 10 million unique accounts. This dwarfs axies stats [that I covered previously](https://www.reddit.com/r/Superstonk/comments/ogfwxn/tldr_power_to_the_players_is_real_and_apesgamers/) (just to give you a sense of the scales at play here). + +However, just because private servers are free to create and run doesn’t mean that it’s cheap or easy to do so. Most servers don’t make their costs public, but of those that do, a review of the monthly expenses of a ‘modest’ server like Minecraft Middle Earth [shows that they can cost in the thousands of dollars.](https://docs.google.com/spreadsheets/d/1fia14FKK-BfBsSiQFYA3Xh2fbpLRn3kIdPQhLa2SuX0/pubhtml) For many owners, running a private server is a full-time job. Some of the larger servers employ a full staff of developers, artists, and managers. + +[This is the OPPORTUNITY! ](https://preview.redd.it/m19qtj2fg7a71.jpg?width=277&format=pjpg&auto=webp&s=492f6fee6c78099d7595e1ea1acc89d78ec222f4) + +This is where the partnership with Minehut and the use of GameCoin (GC for short?) and a GameStop’s NFT marketplace powered by E t h e r e u m will be a paradigm shift. I imagine GameStop and Minehut have worked up a cost-effective solution that removes server maintenance burdens and headaches from communities and the NFT marketplace offers a chance for a robust secondary market to come alive buying, selling, creating, trading everything from users earned resources, cosmetic upgrades, in-game items, etc. + +Revisiting history, the largest private servers enjoyed a cordial relationship with Mojang. They had implicit or explicit permission to charge for services and use Mojang assets. Over time though, this relationship has deteriorated. + +In June of 2014, just before the Microsoft buyout, Mojang flipped the community on its edge. + +In a blog post titled “[Let’s talk server monetization](https://mojang.com/2014/06/lets-talk-server-monetisation/),” they clarified the Minecraft End User License Agreement (EULA), but it made many common server practices, like **allowing players to buy in-game currency**, explicitly against the rules. + +Then in 2015, Mojang hired several ‘brand enforcers’ who started cracking down on EULA violations. Some servers that were previously in good standing were caught up in the purge. Some servers have turned to extreme measures, distributing cracked launchers or running bootleg versions of Minecraft to avoid being targeted. Others have simply decided not to update and continue running increasingly outdated versions of Minecraft rather than try to meet Microsoft’s expectations. But for other servers, regardless of their legal standing, switching their funding models would mean shutting down entirely. + +&#x200B; + +>“Where once you had a free market (and, to be fair, a more mature user base) you now have a walled garden with very strict limitations on how you can maneuver,” says Barnier. “Limitations that may change without your consent. I would be very surprised if Minecraft saw a resurgence of great multiplayer server mods like the initial releases of MineZ, Dungeon Realms, and others.” + +A lot of Minecraft’s older player base must feel Mojang/Microsoft have left the people that made the game popular out in the cold. These are the people who put in **countless hours** **nurturing the community, creating content, and building it** **brick by brick** so that Minecraft is still as popular as it still is today. + +&#x200B; + +[This is horrible for this community morale and RC and GameStop knows this and is going to capitalize on it! ](https://preview.redd.it/l7l62x2ah7a71.jpg?width=259&format=pjpg&auto=webp&s=f4942fe532e60865793c215d881bf54633a97b1c) + +# We have talked about this before: + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-multi-year-strategic-partnership-microsoft](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-multi-year-strategic-partnership-microsoft) + +[Does this lay the groundwork for Microsoft to make amends to the private server community? ](https://preview.redd.it/w1gasrdfh7a71.png?width=1039&format=png&auto=webp&s=4d5141511223f21924e4dcdaf4d123e800bd8a71) + +We covered above how Minehut and GameStop can alleviate server management and game economics issue, **but** that still doesn’t get them around the EULA—unless the ‘commercial elements’ in this agreement are just that? + +If this is the case, I believe we are just days away from players being able to trade Moonjam NFTs, stake their in-game coins for weekly rewards, **‘play to earn’,** being able to participate in governance voting for what happens next, and more? + +[As I have previously covered](https://www.reddit.com/r/Superstonk/comments/ogfwxn/tldr_power_to_the_players_is_real_and_apesgamers/), the gaming-NFT economy has boomed in recent weeks. With a 30-day trading volume of $185 million, Axie Infinity has surpassed NFT heavyweights including NBA Top Shots, OpenSea and CryptoPunks to become the world’s *current* biggest digital marketplace, as ranked by their average daily volume over the past seven days, according to DappRadar. + +Even more impressive is that Axie (Gaming) has generated more revenue than Aave, Compound, Uniswap, and other decentralized finance (DeFi) protocols over the past 30 days, data tracked by Token Terminal shows. Stated another way, Curve, E t h e r e u m’s biggest DeFi protocol by total value locked, has generated only one-tenth of Gaming’s 30-day revenue. + +https://preview.redd.it/4723t0w4i7a71.png?width=2216&format=png&auto=webp&s=db924d5942beba660342a36049fb73ffe133f44b + +We know Axie Infinity generates revenue from axie sales, land sales, axie breeding fees, and marketplace fees—**can you imagine with me after everything we have covered above this being applied to Minecraft?!?!?!?!** + +# According to Dapp Radar, NFT sales rose to $2.47 billion in the first half of 2021 – a staggering 17,900% year-on-year growth from the first half of 2020. + +Are you ready? Buckle up! + +[ Thanks for stopping by to take a dive with me! Please let me know if you have questions, requests for additional subject areas, or if something just isn't clicking for you and think I should explore further. ](https://i.redd.it/gwu0hypai7a71.gif) +Hi Apes.... + +Last week we discovered that the FED holds less than $9Trillion in CMBS... + +[https:\/\/www.federalreserve.gov\/releases\/h41\/current\/h41.htm#h41tab1](https://preview.redd.it/kzz7kw06ko391.png?width=734&format=png&auto=webp&s=aaa12603ed04b68d28bcfb868c1a85b673f2d28a) + +FED hodls less than $9 Trillion in CMBS, and more than $2.7 Trillion in MBS... The FED said "No" to bulge banks... + +I wanted to investigate further... I looked at the hodlings on Yahoo Finance, for CMBS... the CMBS ETF... + +[https:\/\/finance.yahoo.com\/quote\/CMBS\/holdings?p=CMBS](https://preview.redd.it/ka9gak4qko391.png?width=692&format=png&auto=webp&s=9fab3e1bdbef5e21a6a4948fb812816c53a34f2e) + +I thought the Home Loan Mortgage were going to be packaged in to the MBS only... Not True... + +[https:\/\/research-doc.credit-suisse.com\/docView?language=ENG&source=ulg&format=PDF&document\_id=804470950&serialid=U5FsxFX7\/t82jS4v1mzNV2K\/3Nvug80B8M\/PjtKFfTc&#37;3D](https://preview.redd.it/jsvr1wv4lo391.png?width=630&format=png&auto=webp&s=be99dbc5888e96b1e9cfbe2aeb66d441435495a9) + +From 2011... Credit Suisse tell how CMBS might actually own MBS... in the form of "multi family homes".... + +**TLDR: Wall St has been packaging MBS in CMBS...** + +When was the blackrock ETF started... 2012... one year after that letter above... + +[https:\/\/www.blackrock.com\/us\/individual\/products\/239459\/ishares-cmbs-etf](https://preview.redd.it/fxienfo6no391.png?width=255&format=png&auto=webp&s=7e4ff61a68ac59d1f22b16f835de9f13b8aa7826) + +For anyone interested CMBS maturities are much shorter than MBS... + +[I think its possible some junk MBS was being held in here... ](https://preview.redd.it/jkl2mdndno391.png?width=1016&format=png&auto=webp&s=ffbc02b18fcf01092e17716c30f5c52b111694e4) + +[The objective has no defined &#37; number... ](https://preview.redd.it/oaogbg0vno391.png?width=533&format=png&auto=webp&s=fa7b9bbd27ec2d245dbc7ac089f1210ae2c8135a) + +They say that this fund aims to track the results of an index... but does not have a min percentage listed... There is plenty of CMBS in here also... + +But maybe this is why the FED refused to buy CMBS? They are already balls deep in MBS and cant take on any more water lmao... +I've seen lots of stuff online about how buying property as a couple has lots of benefits because you can get a larger and cheaper mortgage through the combined salary, and higher total deposit from combining both people's savings. And of course, there are some benefits of being first-time buyers when buying as a couple as you can access the Help to Buy equity loan and other advantages. + +However, I also recognise there are potential downsides of waiting to find a long-term partner before buying a first home, as there is no guarantee it will ever happen and in the meantime, you will burn money paying rent and lose out on years of property value appreciation. + +Assuming you could afford to buy something modest in the near future as a single, would it be a good idea to hold off and wait till you're happy with a life partner before buying? +Hi- question to the group- how often do you check the balance or accounts of your stock investments? I’ve been noticing that I’ve been checking more and more - and my mood is actually impacted by the ups and downs. The swings can be kinda dramatic, with daily changes if +/- $500K. Has anyone been successful not looking on a frequent (Ie daily) basis? I try to tell myself that looking at the accounts won’t change anything- but I don’t seem able to stop. Anyone have success on this front? +Everyone who works in IT knows that software licence management is one of these awkward and complicated problems that no one likes to deal with. + +Tracking licences within a company – especially if it is an IT company - is a nightmare. Literally thousands of different devices with different software versions and licencing policies need to be managed. Constantly monitoring who is using which licence on which router, server, PC, laptop, tablet, or smartphone is at least very difficult and requires its own tools. + +On the other hand, a software vendor can never be sure to which extent his clients really pay the correct licence fees. Costly on-site audits are required to get a clearer picture. However, these findings will be outdated after a short time and in certain business cultures – think World Corruption Index – impossible to gather at all. + +Still, fair licence management is a pure necessity – on the licenser’s side for commercial reasons and on the licensee’s side for legal reasons and due to compliance requirements. + +Ethereum contracts can provide a very elegant solution to that problem. All that is needed is a smart licence contract a software has to connect with to work properly – the contract takes care of the rest, either by billing the licensee accordingly or by directly consuming ether (or bitcoin) payments. + +Time and/or location limits, staged prices, floating licences, volume or group discounts, kickbacks – every imaginable licence policy could be easily implemented. + +So, here we have all that is required for a killer application: a strong demand rooted in the needs of a worldwide multi trillion dollar business and an elegant, efficient solution that perfectly matches this demand. + +I think this single use case alone does more than justify the current ether market cap. + +Everyone who works in IT knows that software licence management is one of these awkward and complicated problems that no one likes to deal with. + +Tracking licences within a company – especially if it is an IT company - is a nightmare. Literally thousands of different devices with different software versions and licencing policies need to be managed. Constantly monitoring who is using which licence on which router, server, PC, laptop, tablet, or smartphone is at least very difficult and requires its own tools. + +On the other hand, a software vendor can never be sure to which extent his clients really pay the correct licence fees. Costly on-site audits are required to get a clearer picture. However, these findings will be outdated after a short time and in certain business cultures – think World Corruption Index – impossible to gather at all. + +Still, fair licence management is a pure necessity – on the licenser’s side for commercial reasons and on the licensee’s side for legal reasons and due to compliance requirements. + +Ethereum contracts can provide a very elegant solution to that problem. All that is needed is a smart licence contract a software has to connect with to work properly – the contract takes care of the rest, either by billing the licensee accordingly or by directly consuming ether (or bitcoin) payments. + +Time and/or location limits, staged prices, floating licences, volume or group discounts, kickbacks – every imaginable licence policy could be easily implemented. + +So, here we have all that is required for a killer application: a strong demand rooted in the needs of a worldwide multi trillion dollar business and an elegant, efficient solution that perfectly matches this demand. + +I think this single use case alone does more than justify the current ether market cap. + +Honestly, I'm so resolute in this idea I will post every day until a consensus is reached one way or another. + +DD is the Diamond💎 of everything so far. Particularly, the many amazing DD that was initially done and produced; The DD that instilled Zen 🧘 +the many wise, older apes have relaxed with. + +Very controversial DD should never make the cut, especially. However, I say that sentiment that should be held with the upmost caution in understanding what is on the list, and what's not in the list. + +Yes, your sub limitation means you can only sticky two threads (*I believe*). My proposal and point: DD should be the #1 pinned post. There should be nothing that's higher priority. The daily comments can be the second sticky, and you need a new sticky thread, remove that sticky on the comments thread temporarily. ---- the daily comments thread will still easily show up on Hot 🔥 or Top anyways. + +TL;DR: Having a DD Megathread stickied on the front page must be the #1 stickied thread. + +I ask, + +**Why not?** + +🦍🎓🦍 +Only a couple of days ago you single digit IQ fucks were talking all kinds of hot shit in the daily thread. Saying how bulls are fucked and that SPY is going to keep drilling down even though SPY historically grinds higher during periods of higher rates. + +You half wits honestly believed that growth stocks, some of which crashed 50-70% have more to fall down by and that the "bubble hasn't popped." Like seriously, are 99% of you new bloods literally that fucking retarded? You're seriously telling me that a company that is still growing by double digits and getting fundamentally stronger is going to keep drilling after it corrects by 70%? Where the fuck do you think it was going to fall down to? -70%? + +Anyways, since you are all clearly a bunch of mentally handicapped dotes, I'm willing to bet 90% of you bought short term puts right when VIX skyrocketed over 30 and QQQ was trading at 3x average daily volume. In other words, right in the middle of peak fear and IV is the juiciest, courtesy of vega gang. + +If I don't see some hefty loss porn on the hot page in the next couple of days, the next time you homos open your mouths, it better be to put a dick inside. + +*spits on your face. + +Edit: wow, this post is triggering you like a college SJW being told that there are only two genders. + +Edit 2: since some of you bears are so triggered by this and are going through my reddit history trying to find dirt let me say just because you cut your dick off and inject yourself with estrogen doesnt make you a woman and just because a person has light skin color doesnt make them an oppressor. + +Edit 3: positions - 70k SPY 340C Jan 2023 + - 70k QQQ 350C Jan 2023. +Granny fucks. I want you all to know that. Granny fucks good. +Tl;dr - The stimulus package is a failure, re-opening the economy is going to cause it to crash, bulls on parade until mid May but fair chance Lorek Byrnison is our next president. + +It's the weekend so I'm going to take the time to share some real life insight into what is happening with the stimulus package from the perspective of a small business owner. It was either this or spend time with my children being a loving and attentive parent ... so here we are. + +I own multiple businesses in the hospitality space in multiple states and have at this point applied for 9 loans/grants including multiple PPPs, EIDLs and a couple of the NYC 75k 0% interest jammers. I've received approval for 3 PPPs but no funding and one 10k deposit that we believe is an EIDL prepay that just showed up in an account one day without explanation. Guidance on these loans has changed multiple times and this is causing confusion and in some cases, panic. + +Here is what you need to understand: the PPP is not enough. Not even close. Under the PPP you can not use the money for anything except payroll, rent, utilities and healthcare. That means no money for vendors (let that sink in). If you do not get a second loan of some kind, have a sufficient war chest or have personal money to jump start your business you are fucked (I'm fine, if anyone cares). Right now most people with small businesses have stopped paying EVERYTHING. + +The only way the PPP gives a win to small businesses is if you are up and running before the June 30th forgiveness deadline. In this case you'll be able to keep money otherwise going to payroll and pay that from the loan. This also assumes that when you are up and running you're going to be doing decent numbers. This is unlikely. + +The money has run out. PPP is waiting on a top up and it looks like NY State is waiting on Federal funding. Not good news. No one knows what's happening with the EIDL's, these have gone mythical. + +Most small businesses will try to reopen but will be saddled with breathtaking debt, a lot of which will pre-date the shutdowns and many of which are only growing. Payments are going to go out in order of necessity to operate the business. Rent, yes. Product, yes. Business insurance required under lease, yes. Everything else is either a maybe or a no. + +If the point of the stimulus plan was to allow for a V shaped recovery, it has failed. + +"But OP, the market is irrational" + +No. It's. Not. + +Right now you're sitting at home eating a toaster strudel with four packets of frosting on it. You drank a case of beer last night. Unemployment checks are posting. You don't have to go to work on Monday or for the next few weeks. Nothing about your life reflects the reality of the economic situation, why should the market. That's about to change dramatically. + +Buy the rumor, sell the news. Every mention of a cure or re-opening the economy is going to cause the market to moon and that's going to continue until we actually re-open. When that happens and we're forced to open our doors and face the reality of this disaster it's going to fall apart pretty quickly. Expect bankruptcies to start within 3 months of reopen. + +Bullish until NYC "re-opens" in May. After that, start buying MRE's. Dance if there's music. +Most of us know about the pros of fourplexes. Is it more worth it to build larger multi unit complexes, or maxing out the residential potential with a fourplex? Can you refi once new construction is rented out? + +My area is becoming very scarce when it comes to properties that you can apply the BRRR method to. Even though I'll be looking into out of state investing, numbers seem to make sense for new construction as well. + +Any insight is greatly appreciated. +I have enough capital for 20% down on a home but I also have the option for FHA 3.5 down. Is one more preferable to the other? + +This is going to be my first purchase and I am planning on living in it for a few years before I buying my “real” house and converting this into a rental. +Buying a new property. Interest rate is shit (5.5%). I can easily put down 20%, but could go as high as 40%. Think I should put more down to avoid paying more interest? Or save cash for a potential crash (which seems to be more and more imminent by the week)? +A client of of mine picked me to manage her prime rentals (6 units) of Airbnb. She has a total of 16 units and 6 of them are vacant. + +10 units are long term rentals with minimal vacancies at $2800 each per month. + +Now she wants me turn 6 vacant units into Airbnbs. I am allowed to use her team of cleaners free of charge. + +My question is: how should I structure this deal without me looking greedy? How much should I charge? She is pretty much giving control of her assets with minimal risks and headaches for me. + +Thank you +Hello all, + +&#x200B; + +I'll keep this short, I'm a 28 year old nurse on the east coast who has a high savings rate ($2k per month, $15K in the bank) who's interested in REI. Considering how long the market has been up (10+ years) and housing market cycles, should I wait it out for a downturn? + +&#x200B; + +If you were in my shoes with no experience but a large amount of cash (My wife and I have more money saved than the $15k), would you hold off until the next cycle? I have other means of investing (work, Roth IRA's, brokerage accounts, ect.) and a stable career that is otherwise enjoyable. I figure to help out in the meantime, I'm spending the next year studying, reading, taking notes, exploring other investment options related to real estate investing... + Hello everyone, there's been a lot of talk lately about what GameStop could possibly announce in relation to the [NFT teaser](https://nft.gamestop.com/). Most of the discussion I've seen has been about GameStop issuing a c r y p t o dividend ala Overstock, as discussed in this [DD](https://www.reddit.com/r/GME/comments/n0vtbu/how_gamestop_could_issue_crypto_dividends_and/). While I believe this is definitely possible, I also believe there is something much bigger they could do with it. This post was prompted by this comment from u/JustTheBigMan + +&#x200B; + +[Microtransactions](https://preview.redd.it/yeknixpoeh871.png?width=685&format=png&auto=webp&s=42bd539014174cb4412f8ef25ea037d1fbad4327) + + The big money in gaming is here, in **microtransactions**. As a fellow gamer, I do hate it. But as a GameStop shareholder, I absolutely think they should take advantage of it. People would shell out thousands for an exclusive skin/weapon used by their favorite streamer/Esports competitor. Even more if it was sold in an auction setting. + +To give you some examples of how much money microtransactions can bring in; + +GTA V is the best example in my mind of how powerful microtransactions are. It’s releasing on its third console generation because of the revenue generated from microtransactions. There was originally supposed to be single player DLC for GTA V [but it was cancelled](https://www.sportskeeda.com/gta/gta-5-throwback-rockstar-games-cancelled-plans-single-player-dlc) to focus on the online. Instead the developers decided to release free content updates to push microtransactions, and it's worked out pretty well for them. The game managed to make **over $500 million in microtransactions** in 2019 alone, and total mTX revenues were up 40% YoY in Take-Two's FY20 period. [source](https://www.tweaktown.com/news/72714/gta-had-record-microtransaction-earnings-in-april-2020/index.html) + +Genshin Impact is another great example. It is a free to play game and generated over $1 Billion from its mobile app alone ([source](https://www.forbes.com/sites/paultassi/2021/03/24/genshin-impact-1-billion-in-mobile-revenue-and-the-six-highest-earning-characters/).) Every dollar was from microtransactions. Loot boxes for new characters in this case. When this game first rose in popularity, there were countless sponsored streamers opening packs online, and convincing their viewers to do the same. It only takes a couple whales to make up for all the people who stick to playing for free. [This streamer](https://www.ggrecon.com/articles/twitch-streamer-spends-5k-genshin-impact/) spent over $5,000 trying to unlock a single character. + +This video from 5 years ago shows off some of the most expensive virtual items ever sold, and these are not NFT’s. [https://youtu.be/VUNRl3kAATk](https://youtu.be/VUNRl3kAATk). If you'd rather read then here is a similar [article](https://www.looper.com/339732/the-most-expensive-in-game-purchase-in-gaming-history/). If you’re not a gamer, I highly recommend checking out the above just to get an idea of what lengths certain gamers are willing to go, and to find out why someone spent $6 million on a virtual planet in Entropia Universe. + +How is GameStop going to make money besides game sales? How about by taking a cut of every Fornite skin sold through their marketplace. Or every weapon skin pack in the new Call of Duty. How about by creating an entirely new market for gaming collectors items. A signature adds extreme value to [art](https://seasideart.com/blogs/blog/artist-signatures-how-do-they-impact-the-value-of-art), [books](https://blog.bookstellyouwhy.com/bid/230218/How-a-Signature-Increases-a-Book-s-Value), and [sports memorabilia](https://www.psacard.com/smrpriceguide/sports-autograph-values/2/). Just imagine what it could do for gaming. + +&#x200B; + +# TLDR; The GameStop NFT might not just be a tool to smoke out the shorties, but also their next major revenue stream. + +&#x200B; + +^(This is not financial advise, obviously.) +Dear economists of Reddit, I was wondering why, when poverty and wealth are two sides of the same system, is poverty seen as a problem, while wealth not seen as a problem? Shouldn't the goal of poverty-reduction also be wealth-concentration-reduction? Or are the two systems completely separate for some reason I, as a layman, cannot understand? +Embargoed news for now but advertising should be up by then. Available through selected intermediaries. + +Interest rate an eye watering 4.5% and only five year fixed deal available. +Newbie here! It is nice to read you all. :) + +My plan for FI/RE is in effect, and I have (hopefully) less than 4 years to go. Working life is on auto-pilot, and it is pretty boring at times. I am looking for advice on how to happily get through the remaining time in auto-pilot until FI/RE is achieved? Any idea is welcome on new things to try (that are frugal), new hobbies to check out (that are frugal), vacations to take (that are frugal), and/or ways to make an easy buck (that are frugal upfront). + +This question is open ended, especially since you don't know my likes/wants. It is always interesting to read about what others enjoy, and I look forward to what advice you may have. + +NOTE: when I say boring, I mean the routine of getting up, going to work, working all day, getting home to make dinner, yada yada yada. This Monday through Friday routine gets pretty monotonous during auto-pilot. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Didn't see anyone post about this, but here's a picture of notable movements in their portfolio. +Any idea why he's placing his financial bets on BAC. And why exit Costco fully, that's interesting especially since Charlie Munger is on their board. + +Here's a graphic I found on Instagram detailing some of the notable movements. + +[https://i.imgur.com/tg6DaCV.jpg](https://i.imgur.com/tg6DaCV.jpg) +How do you take payouts from your trading account and also keep it growing? What percentage of your networth can be cashed out whenever we are making a big ticket purchase say full r example a trip, car, home buying etc? +I was hospitalized in 2016 for over a month. The doctors couldn’t figure out the causes of my symptoms or what was happening in my body and brain. Eventually after running all matter of tests they decided I was just literally crazy and literally put me in a taxi and dropped me off at a homeless shelter. I was laying in a room full of 40 drunk men day after day dying. My mom, against the doctors orders who told her I was crazy and refusing medication, paid for me to see a real doctor who sent bloodwork To the best labs in the country. It was immediately found I had neuroborreliosis (infection of the brain and nervous system from The bacteria that causes Lyme disease), bartonella infection, babesia, ane klebsellia ( which I contracted in that shelter), and I was bleeding internally. The doctor was surprised I was alive. I couldn’t afford to pay for the doctor long term so she just dropped me. My mom let me live on the floor of her one bedroom apartment for two years, mostly bedridden, while i read every book I could find, researched profusely, and began to heal myself. I eventually got so much better I went back to school to become a practicing herbalist, I learned to fast, juice, and didn’t eat grain, sugar, dairy, or starchy carbs for over four fucking years. This was the hardest period of my entire life and I had very few friends and very little support. I recieved a housing voucher, was put on disability Finally after fighting and clawing for a measly 721$ dollars a month of which I had to pay rent, utilities, food, and all my medicines. My mom helped cover the costs I couldn’t afford and Worked diligently to make sure I could survive. I don’t have much, I’m an xx holder under 30 Shares. But I solemnly vow with every ounce of me I will never let anyone go through what I had to go through ( in my power) when this squeezes. I will be buying A large piece of land on the east coast where Lyme is endemic and I will be opening up a treatment center for thé chronically ill who can’t afford normal doctors. We will grow our own food ( have degree in sustainable agriculture despite being retarted) grow our own herbal medicines, have saunas to detoxify in, and I will pay my mom back 100 fold for what she has done for me. She may be in the early stages of Huntingtons disease which another user posted about his wife that hit me like a ton of bricks. I cried so hard. Being left to die, abandoned with others that had also been marginalized by our society really changed me. I won’t let this happen to others. Hold me to It. This is the difference between us and them. When we robinhood ( fuck you robbin’hood) this shit we will give to the poor, help our communities, and literally change the world. At least I know I’m going to try. Love to all of you, my best advice is just don’t give up. Ever. +First of all, I hope this content warrants having its own post. If not, I apologize. + +I graduated in 2017 with $74k in debt with no money to my name. When I started working, I started aggressively paying off my debt while living with my parents. I was able to put the majority of my paycheck towards my loans and fund my 401K to get the full match as well as throw some money into my Roth IRA and save a few hundred bucks per month. I was very fortunate to have my parents not only cover my living expenses but they even paid about a third of my debt off. I was in a great position to have that support from my family. I'd like to add that I was making a modest salary of about $58k plus a 10% bonus. I started tracking my net worth and became addicted to paying off my debt and slowly building my nest egg. + +May 2017: -$74k NW + +Somewhere around the end of 2018, my net worth hit zero. It was a bittersweet feeling because I was glad to be making progress but frustrated that I was just starting from the bottom. + +May 2017: -$74k NW + +December 2018: $0 NW + +Around March of 2019, my debt was completely paid off. This feeling was more exciting than hitting 0 net worth, because I then knew that interest would be totally working in my favor. I also felt like I received a big raise because I didn't have to pay $2.5k per month on my loans. I immediately increased my retirement contributions to pick up the slack in my disposable income. Since then I have been contributing $500 per month to my IRA and $1000 per month to my 401K. + +I moved in with my (now) fiance about 3 months ago and have been having conversations with her about FIRE and delayed gratification. She isn't interested in how investments work but she realizes she needs to set money aside for the future. She is still working on her PhD so she has time before she will make money and be able to invest. + +Today I just surpassed $30k in my retirement accounts. I finally feel like I have a decent little pile developing. It's not much, but it's a start. I could cover about a year and a half's worth of expenses with those savings. I know that early contributions are what make a big difference down the road. The FIRE journey is a grind but it's rewarding to watch your wealth grow and make progress. + +May 2017: -$74k NW + +December 2018: $0 NW + +Today: $35k NW + +Basic chart because I know you mangs like charts: [https://imgur.com/a/JclE6Ry](https://imgur.com/a/JclE6Ry) + +You can see the growth levels off a bit halfway through the year when my parents stopped making payments on my loans and I moved out. Compound interest hasn't made a noticeable impact yet on my worth since I have not had so much time in the market. I am guessing around the $100k mark I might see the magic start happening. + +Anyway, yesterday I received the news that I am being promoted. My raise will be about 23% and will put me above the $80k mark including my bonuses. I am still in the process of negotiating it higher (I think I will be able to, given my performance reviews). I am ecstatic. My hard work is paying off. I am really looking forward to greater responsibilities and the growth that will come as a result. My plan is to try to fully fund my IRA and 401K while continuing to save for a house. Hopefully within a year or 2 I'll be able to purchase my first property. + +I hope this post shows some people that not everyone here is making 6 figures, worth half a million in their 20s. I am still privileged to have had the luxury of living at home with my parents while paying off my debt, but this perspective may be easier to relate to as a mid level earner. Happy Friday everyone! +An interesting article on Bloomberg today for people considering moving abroad because of the lower costs: https://www.bloomberg.com/news/articles/2019-10-03/thailand-s-surging-baht-shatters-expat-dreams-of-easy-retirement + +I think as these countries develop and get more industrialised, a lot of the cost advantages will disappear and that’s not even considering the currency risk. Something to keep in mind for people looking at 40+ years in FIRE +Just four years ago I was making $23,000 annually. After working a lifetime of dead end minimum wage jobs, in 2018 I was finally able to get my foot in the door in the finance industry. After busting my ass at work every day and exceeding in every review, today I just accepted a $75,000 offer with a new firm. I am absolutely over the moon and TERRIFIED to start fresh, but so unfathomably proud. It can be done!!!! Take heart!!! +My internship for software programming offers 401K matching up to 6% of my pay per pay period, but the recruiter said that most student interns do not contribute. Would you suggest me contributing? My main issue is what happens if I choose to leave the company once I graduate? I am currently a sophomore looking at two more years of school at least, so I am assuming I will be at this internship for that long. This internship also provides the opportunity for full time work post graduation, however, I am not sure if I would accept considering I haven't started my work just yet. + +EDIT: Thank you all for the overwhelming and seemingly unanimous reply to my question! I'll be sure to set up the 401K matching at my internship when I get started this summer. +My wife and I have around £14000 in credit card debt, £7000 of which is interest-free for 1 year from now. + +My parents have offered to pay off the whole debt and would like to make direct payments to the credit cards immediately. + +Would this method change any implications for future benefit claims, or tax issues, as opposed to transferring into a bank account and allowing us to pay the credit cards ourselves? + +Is there any benefit to holding on to the £7000 and waiting a year to pay off the interest free amount? + +We intend to remortgage and release some equity soon, and were recently advised by a mortgage broker that the credit card debt was the main block to qualifying for offers. I wondered if at least having the £7000 available in the bank would fix this or if it would be better to pay off the cards in full. +I made some stupid decisions as well as had some terrible luck for years after high school, and have just managed to get on my feet and stable by myself, but I'm not sure what the best route would be for me from here to get out of this soul-crushing job I'm working now and into something decent that would allow me to live comfortably and possibly support a family on one day. + +College is expensive, I wouldn't get much if anything in the way of scholarships and I don't know if I want or could handle the massive debt that student loans would put on me, but I'm not sure what else there is for me to do, seeing as I don't have a lot of marketable skills that don't require a degree to do anything with in the first place. + +EDIT: Just got back and saw this, it's blown up way bigger than I expected. Thanks for all the responses everyone, I'll be sure to read through them all. +Looking to get a new truck (that I can fully afford) that I’ll be making the payments on solely. My mom has bad credit (low 600s) due to her divorce and the failure of the family business. In order to try to improve her credit I thought I could get her as a co-sign on my car loan. Will this work? Will this hurt my credit somehow? + +Edit: Thank you all for your help. This has made me make a few decisions. One is my new truck can wait until after the divorce. The second is I need to add my mom to my cards as an AU. Third I’m going to add a $5 limit to those cards if my bank will let me. Fourth I need to look into bankruptcy if this debt sticks after the divorce. This discussion with you all has been pretty eye-opening +My spouse and I make a combined $110k a year and have $100k in savings. We have about $60k in debt including an auto loan and student loans. + +We are purchasing a house for $145k. + +I was planning on putting about 27% down on the house and shop for the lowest APR and closing for the mortgage. Is this a good idea? Why or why not? + +The lenders are wanting me to do a small down payment, take on PMI, but take tax breaks on the interest paid. But I thought [this deduction wouldn't help much](https://www.fool.com/investing/general/2015/01/11/why-your-mortgage-interest-isnt-actually-tax-deduc.aspx). + + + +I am only working for my family (M37) my wife stopped working a year ago to look after our daughter turning 3 in January. + +Unfortunately took a career leap for a higher and more demanding new position in a new company a couple of months ago and didn't make it through the probation period and got a week's notice before Christmas. + +So me and my wife will be without income from January with a 3 yo. + +I have a house mortgage as well. + +Can you please give me any advice in terms of benefits and Financial planning to look after ? Of course I am applying jobs through every possible website and receiving calls already. + +Also I have savings that can support us for a year but abviously not ideal. + +Thanks +What the title says. I’m going to be starting a new job in a month making nearly seven times what I’ve made almost every year I’ve worked. It’s going to be 6 figures and I’m not sure entirely what to do with this money besides save it in an account. I’d like to use portions of it to make money passively instead of it just sitting in an account but not really sure how to go about it. I’ll have no rent for two years due to my company covering housing costs so I should be able to save almost all of it outside of eating and travel expenses going between states. What are some great ways to do so? +Reddit, I think I'm in a pretty bad shape, financially. And for some reason I can't save shit. + +I'm **single**. + +I make **$90k**, possibly hit $100k soon here. + +**Monthly bills:** + +Rent + utilities = $850 (sucks, but I have roommates) + +Auto loan = $325 + +Auto Insurance = $100 + +Internet = $100 + +Gym = $75 + +Food = $too much, but healthy. I can't even keep track. I know this area needs work. + +Sponsoring myself to complete the last year of University = \~ $650 (monthly) + +Sponsoring two kids to go High School in Gambia = $100 (monthly) + +Sponsoring one kid to go University in Gambia = $520 (monthly) + +I'm from Gambia, W/Africa. People are always asking me to send them money, and I do. But I don't really track this. + +There is just a lot of going on. Money going to so many different places that I feel like I can't save, so I don't save, but I think I should be able to save. + +Am I screwed? +For context, my old company went through Voya and my new employer is through Charles Schwab. I was looking into rolling over my 401k into an IRA with Charles Schwab, but read that there are better financial institutions for an IRA rollover. Are there massive pros or cons to having your IRA account be under the same roof as your current 401k plan? Open to any/all advice here + +I am only working for my family (M37) my wife stopped working a year ago to look after our daughter turning 3 in January. + +Unfortunately took a career leap for a higher and more demanding new position in a new company a couple of months ago and didn't make it through the probation period and got a week's notice before Christmas. + +So me and my wife will be without income from January with a 3 yo. + +I have a house mortgage as well. + +Can you please give me any advice in terms of benefits and Financial planning to look after ? Of course I am applying jobs through every possible website and receiving calls already. + +Also I have savings that can support us for a year but abviously not ideal. + +Thanks +Wondering what everyone's opinions are on "free" news sources. Like, I know that WSJ and The Economist are great, but for students on a budget, what are the best places to get news and analysis for free? I use Reuters but am wondering what other good sources there are. Mostly I'm interested web and app content. +I haven't watched live television in years but I do own a TV which is capable of receiving live broadcasts. I only use my TV for blurays so I don't think I need a license, but I've always paid it to avoid harassment from TV licensing. + +With the rising cost of living I'm looking for ways to lower my outgoings. I've heard stories about TV licensing turning up at people's door constantly threatening with prosecution and that sort of thing. If I let them in to look around and my TV aerial is unplugged will this be acceptable to them? There's an aerial cable but it's just lying on the ground. + +What if I just don't answer the door to them, will they eventually give up and stop coming? + +EDIT: Thanks for all the replies, I have now cancelled my license! +After doing decent with some debit spreads, decided to try thetagang to see if it'll work out for me. I basically did an iron condor for TQQQ and one for AMD, but the upper wing I'm doing a covered call instead of a credit spread. That way as long as it stays above the put credit spread, I'll make money. If the covered call executes, even better because I put it a few strike prices above what I bought the stock for. +Serious question, I’m relatively new so I could be missing something. But aren’t most traders assigned level 2 when they start out? It seems like everywhere and everyone recommends trading spreads for beginners, but you need level 3 options for that. Am I just on the wrong platform, or is level 3 just so easy to get that everyone giving advice just assumes everyone has level 3? +Hey guys, just curious what people will do if/when a recession hits. + +I will probably move towards Dollar Cost Averaging maybe 2 or 3 companies when I see a healthy turn to the downside. + +Will then go back to options when things are too expensive again lol + +Anyone any special play lined up? +Inspired by [this amazing analysis!](https://www.reddit.com/r/investing/comments/6gunbv/myth_stocks_are_overvalued/) + + +The analysis grabs your attention with an amazing "fact", as clear as daylight + +> Fact: Stocks remain attractively valued. + + +He then proceeds with some other facts: + + +> Everyone likes to talk about PE ratios, but not too much mention is made of interest rates. Interest rates are just as important as earnings when we assess equity market valuations. And one of the most popular benchmarks for interest rates is the current rate offered on the US 10-year Treasury Bond. +In this 15-year visual comparison of the US 10yr rate vs. the S&P 500 earnings yield, we can see that the premium between the two is currently larger today than it was during 2002 thru 2006 (which many consider to be a time of more "normal" markets). That is, given today's interest rate environment and the current earnings associated with the S&P 500, stocks are actually less expensive today when compared to the pre-recession markets. + +and rambles about stocks being "less expensive" because the equity yield premium was 3%. As a "proof" he gives **1-y return** for 3 data points ... and correlates them with their respective **10-y equity premiums**. Makes *perfect* sense. + + +I found it funny and decided to test the theory in practice. I calculated the 10-y equity premiums (10-y bond yields - trailing year equity yield) using data from [this website](http://www.multpl.com/10-year-treasury-rate/table/by-year), and plotted it against the S&P 500 10-y inflation adjusted return (dividends reinvested) for the period 1970-2017. + + +[Here is the result:](http://imgur.com/a/vAyFL). The 10-y equity premiums has a 5% correlation, less then an alphabetical selection of stocks. Shiller P/E (and also the inverse, the yield) has a 56% correlation, which is still flawed, but at least exists. + + +[Here is the excel file, in case anyone wants it](https://ufile.io/1sa20) + + + + + + + + +News: $POTN +PotNetwork Holdings, Inc.’s Diamond CBD Hits The Road With New Fleet of Mobile Sales Vans +FORT LAUDERDALE, Fla. + +Fleet of Vans on the Road in Miami will be Expanded to Major Metro Markets Across the Country + +PotNetwork Holdings, Inc. (OTC Pink: POTN) announced today that Diamond CBD has initiated a mobile team equipped with an inventory of displays and CBD infused edible treats and oils designed to deliver stock and launch sales through brand new vendors in untapped retail stores and congruent facilities such as fitness centers, etc., across the U.S. + +This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181113005673/en/ +Diamond CBD's mobile fleet in South Florida (Photo: Business Wire) + +Diamond CBD's mobile fleet in South Florida (Photo: Business Wire) + +For a brief video overview click here. + +Armed with the Company’s most popular consumables, Diamond CBD’s squad of mobile sales vans begin their journey in South Florida. Their mission is to bring Diamond CBD’s premium product line to brick and mortar establishments across the country, from Miami to New York and ultimately, California. All at zero initial cost to vendors. + +Diamond CBD distributes premium quality products and has established a successful, growing distribution network. The company’s new fleet of mobile sales vans will allow them to support their loyal vendors with free deliveries whilst simultaneously reaching out to new contacts and inducting them into the Diamond CBD family. + +The CBD market is predicted to be worth a staggering $2.1 billion in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. That's a 700% increase from 2016. In 2017 Diamond CBD shattered all expectations and achieved revenues of $14.5 million, underscoring the potential of the CBD market. Diamond CBD’s success comes down to ensuring that consumers have access to a product whose quality speaks for itself. Their new fleet of mobile sales vans will help to drive the companies performance to new heights and bring Diamond CBD to a storefront near you. + +About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com. + +About PotNetwork Holdings, Inc.: PotNetwork Holdings, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products. For more information, please visit its website at www.potnetworkholding.com. + +Safe Harbor: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. + +View source version on businesswire.com: https://www.businesswire.com/news/home/20181113005673/en/ + +PotNetwork Holdings, Inc. +Marisol Elwell, 1-800-915-3060 +investor@PotNetworkHolding.com +Copyright Business Wire 2018 + + +**What is a P/S ratio?** + +Price / Sales ratio. The higher the number, the more expensive the stock is compared to sales. + +**What about P/E ratio?** + +Price / Earnings ratio is great for mature companies, but the hottest stocks typically lose money, so P/S is a quick and lazy proxy. + +**Got an example?** + +Take AAPL's Market Cap of $2113B and TTM sales of $294B. 2113/294=7. So the P/S ratio of AAPL is 7. Is that good or bad? Well it depends on the industry. Typically Apple has a PS ratio of 2-5. APPL had a PS ratio of 7 at the end of 2007, and we all know what happened in 2008, right? + +**What does the P/S ratio have to do with anything?** + +There are currently [54 stocks with a PS over 30](https://finviz.com/screener.ashx?v=121&f=cap_largeover,fa_ps_o10&o=-ps&r=41). + +The stocks with the highest P/S ratio [are getting hit the hardest](https://finviz.com/screener.ashx?v=141&f=cap_largeover,fa_ps_o10&o=-ps). + +**Is having a PS ratio over 30 bad?** + +Historically, anything with a P/S over 30 underperforms as an investment. The revenue growth will outperform, but the overall stock still underperforms, because all that revenue growth was already priced in. None of the FANG stocks ever exceeded a P/S ratio of 25. MSFT had a PS ratio of about 28 back in 1999, and it took 17 years for the price to recover. + +**When was the last time we had this many stocks with a P/S over 30?** + +At the end of 1999 we had 22, making up 6.70% of US market cap. From 2001-2019 we had very few. At the end of 2020 we had 50, making up 4.80% of US market cap. + +**How significant is this?** + +I don't know, man. 5% of the market is not significant. Also, there isn't a lot of data, only 31 stocks went over a P/S ratio of 30 from 2001-2019 (the other 85 instances occurred in 2000 & 2020.) Also it's worth noting the valuation of all stocks [has been trending up](https://www.multpl.com/s-p-500-price-to-sales) because of low rates. Yay? + +**What should you do?** + +I don't know, man. I am not a broker/ dealer. This is not advice. You can quickly check your individual stocks P/S ratio on [finviz](https://finviz.com/). P/S over 10 is red, which means you should dig deeper. + +**Edit:** No I am not implying Apple caused the housing bubble to pop in 2008. Let me be specific. From 2007 to 2008 Apples revenue went up (24b to 32b), earnings went up (3.4b-4.8b), but its stock fell (180-85). During a recession, mr market is less inclined to pay a premium for growth stocks. +Based on what's happening in China with Evergrande and Blackrock involvement, how will this affect US real estate housing market in short and longterm? +Bookkeeping is by far the most dreaded part of my business. I've been considering going to a paper system or perhaps some really easy software (preferably web-based since I use a Chromebook). I've considered spreadsheets, but my husband does not feel confident using them and I want to delegate a lot of the data entry to him. + +What would you recommend for under 10 long-term rentals? TIA +Howdy. For those of you who aren't familiar with my escapades they are broken down as follows: + +1) I like SFH's in B neighborhoods. + +2) I only buy with Seller Financing and/or Private Lending, never banks. + +3) I prefer the quality of life I currently have which means spending time with my kids, gaming, working on cars, being a terrible Ukulele player and sleeping among other activities. I have no desire to work one hundred hours a week in order to own a private jet. + +I focus on making about five acquisitions a year. I don't advertise, I rarely ever send mail...and when I do it is a single letter to a specific house and life is good. At times I buy fewer than five homes and at times I buy more than five. I'm establish and experienced and due to my ability to create solutions for others people come to me looking to have their challenge solved. + +I apologize in advance as this will not be my typical detailed post because...well...I'm getting tired of writing and I've come to realize text does not do justice to the nuance of these deals. In order to help others learn I'm considering recording audio to tell the story in a better manner. + +On with the show... + +2018 has been a bit of an annoying year. Any serious investor who has been in the game long enough will tell you that you will have dry spells and times when every time you turn around a deal is falling into your lap. + +In January I wrote two of the best offers I've ever written to two different Sellers. The stories behind those offers each are worthy of their own post and I may get around to doing so eventually. + +One was a SFH (still unsold) in which my offer gave the Seller EVERYTHING they claimed to need and would make them an additional $70,000 over the next thirty years. when compared to selling the home for cash now. Crickets. *shrug* + +My next offer was on a small office building...one of the few acquisitions where I really desired the property. It is less than ten minutes from my home and beautiful. The Sellers had an incredibly low basis in the building and, as I discovered upon our first meeting, no one had informed them that they were facing a $100,000 tax bill due to depreciation recapture and capital gains. This killed their original plan. + +My solution ended up providing them with $300 more a month in income than they had been looking for ($2800 compared to $2500) but would also reduce their tax implications significantly and leave an inheritance to their children. The best part of this deal is that I would own the office building and it would result in $75,000 cash in my pocket AND three of my properties refinanced at 7% for thirty years. The Sellers verbally accepted and then...Crickets. The building is still sitting there...vacant. + +Apart from that I haven't been incredibly active this year as my better half was wrapping up her PhD and opening her private practice. However, as always, opportunity eventually came around. + +I've had a duplex and a triplex on a lease option for about a year now kicking off $1,100 a month in net profit. I don't like multi-unit but there is a long and complicated backstory in which I helped the older lady who owned these and in return she asked me to handle the properties when she died...and she did. Her husband wanted nothing to do with the real estate and her three daughters are just trash. + +Along with the duplex and triplex the family owned a nice SFH which I also had an option on plus another nice SFH that I would like to own but never expected them to sell. Late last year the husband reached out to me and asked if there was any way we could cancel the lease options because he didn't want to be responsible for the mortgages anymore. I politely informed him that if he could financially compensate me for the loss of income I'd be happy to...he did not have the cash to do so. + +Fast forward to March and another investor friend of mine asked if I knew of any multi-units available. Even ghetto multi-units in my area are going for $50,000 per unit. I told him that I had two on a long term lease option but if he had a Buyer I would sell them contingent upon the Optionor giving me what I wanted. + +I called up the husband, now sole owner of the properties, and told him I could sell the duplex and the triplex and net him $40,000. He thought that would be a great idea since it would allow him to pay off his house and tractor (not kidding) and have a little left over. + +I let him know that was great but we had to make certain I was compensated and that if he'd sell me the other two homes on terms that I'd release my option on the Duplex and Triplex and get them sold. He thought that was fair and his primary interest was that I could pay off the bank mortgage on one of the homes immediately (which was one of his wants) and I took the other subject to. + +Ultimately who got what: + +My Investor friend, who has brought me some GREAT deals over the years and I have done a ton of business with, received a free deal upon which he made a nice spread as a wholesaler. I had the Seller sign a contract on the Duplex and Triplex with my friendmortg and he assigned them to a Buyer. + +The Seller relieved himself of two properties he wanted nothing to do with and pocketed $40,000 which allowed him to reduce his monthly debt (paid off house and tractor) and have a little left over. Additionally I paid off the mortgage on one of his other homes with private money and provided him with a nice little second mortgage for additional income. + +I received: Two homes that I really like and rid myself of two properties I didn't care too much for. + +Thought Exercise for You: My net income from the Duplex and Triplex was $1,100 net a month. My income from the two homes is $700 a month. What are reasons you could think of as to why I did this deal even though my net income dropped? + +Oh...remember what I said about dry spells and then deals out of the blue? I have two new deals on deck that I expect to close in July and a possible third I'm beginning preliminary discussions on. +I had this question several years ago and I felt maybe this could help someone who was in my shoes. A good amount of this content is from ULI’s John McNellis. + +“Real estate developers are like corpses, they were always something before that.” + +The most popular experience prior to becoming a developer: Broker (me), attorney, contractor(kind of me, wish i would’ve asked more questions), architect, engineer, banker, or just working at a development firm (also me). John suggests five years in one of those to gain experience. I started as broker finding deals for guys who were,and still are, much much much smarter than I was/am. My first mentor in dev was a guy I brought a deal to and I remember him saying “if you bring me good deals, I will teach you everything I have ever learned, and you’ll get paid to do it” hunting deals for him was the best thing I’ve ever done. + +Doing your first deal: “it better be a good one” you don’t know what you don’t know, and you’ll probably pay that price. So make sure you find a motivated seller and have margin for you to fuck up 10 times and still give your investors a great return. One of the best ways to do this is renovate a value add deal, if you’re 20% over construction budget on a rehab, not a big deal. If you’re 20% over construction budget on ground up, you’re in a bad spot. + +Raising capital: My first real development deal was a 15% pref before I even got paid back my 100k investment and I didn’t take any other fees. My personal philosophy is that your LPs are taking a huge risk for investing with a first timer, so they should have every opportunity to adjust their risk. + +Institutional vs friends and family, also known as country club money, imo just find a deal that pencils with institutional money then go country club. One of those successful developers I know did 100 million in rev (home builder) exclusively with friends and family. + + +Finding a niche: product type, location, deal size. At least one, preferably two, best is all three. I’ll do anything for sale housing in the three closest counties near my house. Deal size is 3-20 million. I personally like to take down deals that are too big for the small guys and too small for the big guys. + +I’m far from a good developer, but I think this might help people get on the right path. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hello. I am 18 and recently started investing in crypto on coinbase in the last month and have seen good returns. At 2900 I bought .5 ETH, and I have some money in Hoge and SHIBA. I am currently up a few hundred dollars, and Im wondering, why is it that everyone preaches to HODL? If I were to sell my ETH right now, and wait for the dip back to 2.8k-3k, I could use the profits to buy more ETH than I had before. If I continue to HODL, and it does dip, then all the money it has been up this week was basically wasted potential, was it not? Im still learning so Im just looking for advice. +Earlier this year my dog was brutally mauled by my other dog. It happened in the midst of a financial jam for my business so I applied for and was approved for care credit at the local vet office. + +About 3 months had passed and I realized that I had never received a statement from them. I had called the 800 number and spent about an hour on the phone with them and was told they could not find a record of me, which I thought was incredibly strange. + +That same week I started to receive collection calls from them and quickly learned that the vet that entered my application entered the last digit of my social security number wrong and incorrectly used my previous address from when we first started visiting the vet. + +Not a problem. I’ll have synchrony update the information and pay the account off. Nope. I’m stuck in a never ending loop. + +They won’t provide me with an account number to correct the issue because I can’t validate the information on the account. I can’t make a payment through their automated systems because I don’t have the account number. They won’t take a payment when they call me 5 times a day because I can’t validate my social. + +I’ve been directed to their fraud department and have told they would investigate and I never here back. I’ve been trying for months to correct this issue. + +Now it’s reporting 180 days past due on my credit report for $500. How and why it’s reporting on my credit without valid information baffles me. I’ve bought multiple credit reports trying to get the account number and none show the full number + +I’ve tried redirecting my mail from the old address again and I have not received anything from synchrony or care credit. + +Please provide guidance, this tanked my score from the mid 700s. + +Edit: thanks for the advice everyone! I’ll defiantly try a few of the approaches listed below! +A few weeks ago I made a post asking about LISA/Pension advice and it was overwhelmingly in favour of the pension. Turns out my contributions had been set to 0% for the first 2 months, so took the advice and I maxed their matching offer! + +£125 or 8% from me (well more like £100 as saved on the tax) + +£128 from them at 8.4% + +£253 in the pot! + +I'm sure 57 year old me (well probably older let's be honest) will be thanking you lot! + +&#x200B; + +Now to contribute this to this months ISA...see that's the fun bit for me. Cheers +[Wells Fargo tells customers it’s shuttering all personal lines of credit](https://www.cnbc.com/2021/07/08/wells-fargo-is-shutting-down-all-personal-line-of-credit-accounts-.html) + +Heads up to everyone that might have a LOC with Wells Fargo. +So apparently Microsoft has a real patent on a cryptocurrency mining system that uses human body data. No, it's not a joke or clickbait. See for yourself: + +[https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020060606&tab=PCTBIBLIO](https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020060606&tab=PCTBIBLIO) + +Holy shit. + +Straight out of a sci-fi movie. This implies that implies that body activity like body radiation, body fluid flow, brain waves, or pulse rate can serve as proof-of-work. + +Thoughts? +A job listing said the salary was $75-110k base, if they ask what my salary expectations are, what should I say that isn’t ridiculous? Obviously the higher the better but I feel there must be very rare occasions where the max of the bracket can be asked for? + +EDIT: +Bit more context, I’m moving from an electrical/control systems engineering role(current base is 110k) to a software role. Although slightly different roles, I have software experience and tick most of the boxes of what they’re looking for. I’m currently living rural and so will be coming back to the city for this potential role, hence I am not too upset to take a 10-15% pay cut. +Whether you’re already invested or not in the company but you’re interested in finding out more information, I have compiled facts, questions, links, conclusions and estimates in this post to bring factual information among investors. + +We are entering Q2 2021 which brings an important catalyst for this company. There is going to be a lot of hype, misinformation, and a lot of desperate people. This post is aimed towards investors who are discovering Citius Pharmaceuticals for the first time and want an unbiased deep dive into the company, so opinions and speculation are going to be kept at a minimum. For transparency’s sake, I own 1700 shares of CTXR. + +*I am not a financial advisor, this post is made for educational purposes only. Literally. Don’t take my word for anything that is presented in this post, do your own research, and invest solely based on the thesis that you create for yourself. Don’t get influenced by anyone.* + +**What is Citius Pharmaceuticals?** + +With a name derived from the latin olympic motto “Citius, Altius, Fortius” (Faster, Higher, Stronger), Citius Pharmaceuticals (NASDAQ: CTXR) is a specialty pharmaceutical company dedicated to the development and commercialization of important new drug products for growing markets. [Overview here.](https://www.citiuspharma.com/overview-citius-pharmaceuticals/) + +**What do they do?** + +Citius Pharmaceuticals is currently advancing four proprietary product candidates: Mino-Lok®, CITI-002 (“Halo-Lido” - halobetasol-lidocaine formulation), CITI-101 (Mino-Wrap) and CITI-401 (i-MSC) to treat Acute Respiratory Distress Syndrome (ARDS). Citius is developing therapies for unmet medical needs with cost-effective products in high growth categories with low developmental risk. + +&#x200B; + +https://preview.redd.it/pegrf6nhdfq61.png?width=1253&format=png&auto=webp&s=aa747871e093094a0070f2b312386902725e436b + +&#x200B; + +**Who is in charge?** + +[Leonard Mazur](https://www.bloomberg.com/profile/person/16411097) (Chairman of the Board) was the Chairman of Leonard Meron Biosciences, Inc. prior to its merger with Citius in March 2016. He is the cofounder and Vice Chairman of Akrimax Pharmaceuticals, LLC, a privately held pharmaceutical company specializing in producing cardiovascular and general pharmaceutical products. Akrimax was founded in Sep. 2008 and has successfully launched prescription drugs while acquiring drugs form major pharmaceutical companies. Mr. Mazur also co-founded and served as the Chief Operating Officer of Triax Pharmaceuticals LLC, a specialty pharmaceutical company producing prescription dermatological drugs. From 1995 to 2005 he was the founder and CEO of Genesis Pharmaceuticals, Inc. . In 2003, Mr. Mazur successfully sold Genesis to Pierre Fabre, a leading pharmaceutical company. + +[Myron Holubiak](https://www.bloomberg.com/profile/person/1852651) (President and Chief Executive Officer, Director) was co-founder, director and CEO of Leonard Meron Biosciences, Inc., prior to the 2016 merger with Citius. Mr. Holubiak was the President of Roche Laboratories, Inc., a major research-based pharmaceutical company, from Dec. 1998 to Aug. 2001. Prior to that, he held sales and marketing positions at Roche during his 19-year tenure there. As President of Roche, Mr. Holubiak helped transform Roche Labs into a leading antibiotic and biotechnology company. + +[Jaime Bartushak](https://www.bloomberg.com/profile/person/19762046) (Chief Financial Officer) is an experienced finance professional for early stage pharmaceutical companies, and has over 20 years of corporate finance, business development, restructuring, and strategic planning experience. Most recently, in 2014, Mr. Bartushak helped lead the sale of PreCision Dermatology, Inc. to Valeant Pharmaceuticals International, Inc. Mr. Bartushak is also one of the founders of Leonard-Meron Biosciences, and was instrumental in its start-up, as well as obtaining initial investment capital. + +[Dr. Myron S. Czuczman](https://www.bloomberg.com/profile/person/21870322) (Chief Medical Officer and EVP) is an experienced physician-scientist, academic oncologist and pharma executive with decades of experience in the strategic design, implementation, and oversight in the global development of novel therapeutics for hematologic malignancies. Dr. Czuczman joins Citius from Celgene where he was Vice President, Global Clinical Research and Development, Therapeutic Area Head of Lymphoma/CLL. In this role, Dr. Czuczman managed a global team of physicians and scientists responsible for cross-functional development of compounds from proof-of-principle to worldwide registration. + +[Citius overview on their leadership.](https://www.citiuspharma.com/overview-citius-pharmaceuticals/leadership) + +&#x200B; + +**How is it going for them?** + +Mino-Lok is an antibiotic lock solution used to treat patients with catheter-related bloodstream infections (CRBSIs). Mino-Lok product is intended to salvage the CVC (central venous catheter), obviating the need to remove and replace the catheter. This is a recognized unmet medical need. The drug is currently in Phase 3 clinical studies with an independent DMC (Data Monitoring Committee) interim efficacy review coming late-April/early-May. Mino-Lok has proven 100% efficacy rate in both Phase 1 and [Phase 2](https://www.citiuspharma.com/mino-lok/phase-3-mino-lok/) trials. + +&#x200B; + +https://preview.redd.it/574uku0jdfq61.jpg?width=640&format=pjpg&auto=webp&s=23ae0cbc989f8e513956112915b244d73032d494 + +&#x200B; + +&#x200B; + +[Halo-Lido](https://www.citiuspharma.com/halo-lido) is being developed as a proprietary topical formulation of halobetasol and lidocaine to provide anti-inflammatory and anesthetic relief to persons suffering from hemorrhoids. Although there are numerous prescription and over-the-counter (OTC) products commonly used to treat hemorrhoids, none currently possess safety and efficacy data generated from rigorously-conducted clinical trials. Citius believes its halobetasol-lidocaine product will become an important treatment option for physicians who want to provide their patients with a therapy that has demonstrated safety and efficacy in treating hemorrhoids. Phase 2b trial will begin in Q3 2021. + +&#x200B; + +https://preview.redd.it/zwppok0kdfq61.png?width=1253&format=png&auto=webp&s=a2d411c714fcb228b359820912709cfa630ee855 + +&#x200B; + +[Mino-Wrap](https://drug-dev.com/mino-wrap-to-be-developed-through-an-ind-process/) is a novel approach to reducing post-operative infections associated with surgical implants. Mino-Wrap is a liquefying gel-based wrap containing minocycline and rifampin for reducing tissue expander (TE) infections following breast reconstructive surgeries. It is a laminate film comprised of porcine gelatin plasticized with glycerol. Mino-Wrap also contains the antibiotics minocycline and rifampin to reduce bacterial bio-burden on implantable devices preventing colonization over a sustained period of time. The current standard of care (SOC) can be improved upon and infection rates reduced, according to Citius Pharmaceuticals. The drug is currently in pre-clinical development. + +&#x200B; + +https://preview.redd.it/jkbjwkukdfq61.jpg?width=1007&format=pjpg&auto=webp&s=26203791e397d92d0618f034b642c508e3b585a6 + +&#x200B; + +i-MSC, or CITI-401 is being developed to treat ARDS as a cause of COVID-19. It is currently in pre-clinical stages and the IND (Investigational New Drug) application is expected, according to Citius, in the first or second quarter of 2022. + +&#x200B; + +https://preview.redd.it/lwcu1ivldfq61.jpg?width=1507&format=pjpg&auto=webp&s=7ce69f6895ff8fd8d9505cc448986f09d3c5a92e + +&#x200B; + +**What is the major catalyst as of April 2021?** + +Mino-Lok, the antibiotic lock solution to salvage CVC’s demonstrated in past clinical trials an efficacy of 100% in salvaging colonized CVCs; the Mino-Lok product had no significant adverse events, compared to an 18% serious adverse event rate when infected CVCs were removed and replaced, which is the SOC as of now. [A clinical data manuscript can be found here.](https://www.citiuspharma.com/wp-content/uploads/2019/05/Salvage-of-catheters-with-MLT-results-of-phase-2-study.pdf) + +Currently there are no competitors in the market that Mino-Lok addresses. + +Mino-Lok has also received FDA Fast Track with [QIDP designation](https://www.fda.gov/files/drugs/published/Qualified-Infectious-Disease-Product-Designation-Questions-and-Answers.pdf), which is defined as “an antibacterial or antifungal drug for human use intended to treat serious or life-threatening infections, including those caused by an antibacterial or antifungal resistant pathogen, including novel or emerging infectious pathogens. + +[FDA’s “Fast track”](https://www.fda.gov/patients/fast-track-breakthrough-therapy-accelerated-approval-priority-review/fast-track) is a process designed to facilitate the development, and expedite the review of drugs to treat serious conditions and fill an unmet medical need. The purpose is to get important new drugs to the patient earlier. Fast Track addresses a broad range of serious conditions. A drug that receives Fast Track designation is eligible for some or all of the following: + +* More frequent meetings with FDA to discuss the drug's development plan and ensure collection of appropriate data needed to support drug approval +* More frequent written communication from FDA about such things as the design of the proposed clinical trials and use of biomarkers +* Eligibility for Accelerated Approval and Priority Review, if relevant criteria are met +* Rolling Review, which means that a drug company can submit completed sections of its Biologic License Application (BLA) or New Drug Application (NDA) for review by FDA, rather than waiting until every section of the NDA is completed before the entire application can be reviewed. BLA or NDA review usually does not begin until the drug company has submitted the entire application to the FDA + +The frequency of communication assures that questions and issues are resolved quickly, often leading to earlier drug approval and access by patients. + +Based on Phase 2b results, Citius Pharmaceuticals believes that the Mino-Lok® product is highly effective in salvaging infected indwelling catheters and is well-tolerated, making Mino-Lok therapy an attractive alternative to removing and replacing a new CVC. + +In Nov. 2020, Citius announced the results of a study that Mino-Lok eradicates S. aureus Biofilm more effectively and expeditiously than components. [This is a good read.](https://www.prnewswire.com/news-releases/citius-announces-results-of-study-that-mino-lok-eradicates-s-aureus-biofilm-more-effectively-and-expeditiously-than-components-301180863.html) + +“Staph aureus is one of the most worrisome pathogens in catheter related bloodstream infections (CRBSI). This pathogen receives special consideration even in the IDSA guidelines for treating CRBSI. We are very pleased to show that Mino-Lok appears to be more effective, and work more expeditiously, than even ethanol," commented Myron Holubiak, Chief Executive Officer of Citius. + +The company is currently conducting a Phase 3, multi-center, randomized, open-label, assessor-blinded study with 144 patients. The objectives of the study are the following: + +* To evaluate the efficacy of Mino-Lok along with standard of care (SOC) systemic antibiotics for salvaging the central venous catheter (CVC) in subjects with catheter-related or central line-associated bloodstream infection (CRBSI/CLABSI) +* To evaluate the safety of Mino-Lok in subjects with CRBSI/CLABSI. + +According to the [latest videoconferences](https://youtu.be/aGrLMN-RnCQ?t=20395) held in March by both Leonard Mazur and Myron Holubiak, the Pivotal Phase 3 ALT Study began in Q2 2017 and is supposed to end in Q3 of 2021. The catch is that based on the comments and recommendations made by the DMC, which are further supported by the June 2020 FDA guidance document titled “[Statistical Considerations for Clinical Trials During the COVID-19 Public Health Emergency](https://www.fda.gov/regulatory-information/search-fda-guidance-documents/statistical-considerations-clinical-trials-during-covid-19-public-health-emergency-guidance-industry)”, they have amended the DMC charter to enable a “superiority” review at 65% of the expected events rather than 75% as originally planned. The final DMC meeting is going to be held in late-April/early May and is critical to the evolution of the phase 3 trial of Mino-Lok. They can say that it is unethical to keep the trial going based on the positive results and speed up the process for the FDA approval OR they can say that data is insufficient and keep the trial going for as long as it’s intended to – Q3 2021. + +People are investing into a favorable decision by the DMC regarding the efficacy of Mino-Lok to stop the trial early, judging by the results of the past clinical trials. + +**The main risks of investing in the company are:** + +* Biopharmaceutical companies represent a high degree of risk because the majority of the drugs and products that they are testing fail in early trial stages. +* The company has no basic income, no revenue, no products, relying entirely on investors for funding. +* Any delay or even failure in a trial could force the company to issue more shares for funding, possibly diluting the share price. +* The DMC deciding to continue the trial for Mino-Lok as intended and prolong the Phase 3 trial to Q3 of 2021. +* Not receiving FDA approval for Mino-Lok, despite the Fast-Track QIDP designation. + +**Are there other positive aspects that counter these risks?** + +Yes. + +According to [fintel.io](https://fintel.io/n/us/ctxr), Citius Pharmaceuticals has 10.7% insider ownership, 13,457,939 shares equating to cca. $25.5 million (at a share price of $1.90), out of 125,758,091 shares outstanding, which brings a sense of confidence among investors. In February 2021, [Citius Pharmaceuticals closed a direct offering of $ 76 million](https://finance.yahoo.com/news/citius-pharmaceuticals-announces-closing-76-214700748.html), which they say is more than enough to bring their first product, Mino-Lok, to the market. In addition, CTXR has a total of 4 promising products across a span of 3-4 years, so they don’t rely on the success of a single product to survive and thrive as a company. + +TL;DR: I can’t possibly sum up this much information here. Try reading the whole thing if you’re genuinely interested. I invite those interested to click the links in this post, they lead to more and more information. + Following Elon Musk Tweet about starting a candies company, Warren Buffet makes an answer explaining moat. + +[https://www.youtube.com/watch?v=SQ17WSfrgMo](https://www.youtube.com/watch?v=SQ17WSfrgMo) +Many of you are obviously parents. So let’s do some dad jokes. I’ll be handing platinums to the most upvoted dad jokes in the comment section. Throw your best dad jokes to make apes laugh. I handed quite a bit of sneks last week, and this time I want to hand out a few platinums. I know it isn’t Stonk related but let’s have fun and brighten up the mood tonight. Anyways I’ll let apes decide the winners with the funniest dad jokes or any jokes you can throw into the comment section. + +Rules +-keep it Safe for work. +-other than that have fun. Will give platinums at around 11pm EST or sooner once clear upvoted jokes start to show high upvoted + +Edit: don’t know how wild it’ll get so To he clear I have 6 platinums to give atm. + +Edit: I’m going to give the remaining platinum now since I’m sleepy and going to bed to get up early to watch GME in the morning. One of you lucky apes got a platinum by mistake 😂 +Each month, another company publishes a whitepaper, claiming to have solved the scalability problems faced by Ethereum. + +These new blockchains claim to be better, faster, and smarter than Ethereum — they say they can handle thousands, even millions of transactions per second (TPS), have no transaction fees, and have near-instant confirmation times. + +This article on medium [_“Ethereum Will Be the Backbone of the New Internet” by James Martin Duffy_](https://link.medium.com/m0HLmpEhIgb), although about three years old, is really insightful. It provides solid reasons why Ethereum has already won the race to become the foundation of Web 3.0, and will become the fundamental base layer that all major DApp platforms will choose to build on top of in the future. + +_This is basically just like a summary of the [article](https://link.medium.com/m0HLmpEhIgb), you can read it here for more._ + +So, these are almost the same reasons why ETH currently makes up most of my portfolio: + +**1. Ethereum has way more developers building on it than any other platform — and this gap is widening by the day.** + +And why's this important? + +To summarize it all, _at the end of the day, it doesn’t matter how many transactions per second your blockchain can handle if no one is actually using it._ + +And in order to have applications worth using, you need to attract enough developers to build them. *If you don’t have developers building applications on your blockchain, you’re effectively building a ghost town.* +The blockchain platform that has the most developers building real-world applications on top of it will be the platform that gains the widest mainstream adoption. And not only does Ethereum have a massive head start in this area, but the gap is widening with each day that passes. + +**2. Ethereum has better tools and infrastructure for DApp development than any other platform** + +Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). + +Basically, in less nerdy terms, the more developers building useful stuff, the easier (and more enjoyable) it becomes for new developers to build, and the effect compounds on itself. + + +**3. Ethereum does not sacrifice decentralization** + +With blockchains, there's some kind of scalability trilemma at play. +The trilemma claims that blockchain systems can only at most have two of the following three properties: + +•Decentralization (defined as the system being able to run in a scenario where each participant only has access to O(c) resources, i.e a regular laptop or small VPS) + +•Scalability (defined as being able to process O(n) > O(c) transactions). + +•Security (defined as being secure against attackers with up to O(n) resources). + + +So in more friendly terms, it’s kind of like a law of physics that says a blockchain can only have 2 of these 3 properties: decentralization, scalability, and security. + +What that means is, given the same level of security, if you want to increase a blockchain’s scalability, you must sacrifice its decentralization. + +Pretty much every platform that’s been touted as the “Ethereum Killer” has simply decided to trade off decentralization in favor of higher scalability, and advertise it as if it’s a feature. + + +**4. It will be impossible to run all the world’s decentralized applications on a single blockchain: Scaling has to occur on Layer 2** + +It would be absurd to try to run the Internet’s 100 most popular games and social apps all on one giant supercomputer. + +Likewise, it’s absurd to assume all the world’s decentralized applications in the foreseeable future will run on one blockchain. + +_It doesn’t matter if a blockchain can do a thousand transactions per second or a million transactions per second — no single blockchain will be fast enough to handle all the world’s decentralized applications on the same chain._ + +Scaling has to occur on Layer 2. +The solution is obvious — these applications will need to be split up across multiple blockchains. + +If you put DApps that require thousands of transactions per second on their own standalone blockchains, they would be vulnerable scalability issues. But if you put them on a sidechain to a blockchain that is sufficiently decentralized (like Ethereum) — you get the best of both worlds. + +Sidechains provide higher scalability without sacrificing security. +A sidechain can use a different consensus algorithm (like DPoS) optimized for DApps that require very high TPS or low-latency, while storing any tokens or data requiring a high level of security on the main chain. + +**5. New platforms are unproven, while Ethereum‘s security has already stood the test of time.** + +Pretty much summarises itself. + + +Conclusion: "Ethereum isn’t perfect — but at this point, it’s hard to imagine it being displaced as the de facto Layer 1 for decentralized applications" + + + +_I really suggest you read the [article](https://link.medium.com/m0HLmpEhIgb) from beginning to end and also check out the comments against some of its points. I'm saying this cos I don't believe in just blindly shilling and shutting out the opposing views. Some of the arguments against it will help bring a new perspective and maybe force you to do more research on some of the points presented here._ + +_Btw, could also be a great place to start DYOR on Ethereum if you've been interested for a while without really looking into it._ +Just finished watching the playing with FIRE doco. Anyone else find it terrible underwhelming? I felt like it was a poor portrayal of what FIRE is. For those who haven't seen it, it follows this couple who are seemingly grossly financially irresponsible who decide they are going to persure FIRE. Instead of learning some basic personal finance and creating sustainable lifestyle change they uproot their lives, burden their family so they can live rent free for a while and then complain how hard it is. It was incredibly unrelatable. Where was the meaningful discussion on principles of index investing or a more detailed look at their expenditure. And all this talk of FIRE being some movement is so cringy. Its just a cool concept that brings together some responsible personal finance and conscious consumerism. Would have loved to have heard more from mrmoneymustache or the mad fientist. Anyway, I'm sure it well received by some so tell me what I'm missing. +Whether it be for the S2X bullshit, or the fact that 90%+ of hashing power is centralized in the bitmain cartel, we need a PoW change that can sustain the effects of ASIC manufacturing. Equishash is NOT the answer, and Core's focus needs to be aimed at an ASIC resistant hashing function. + +We now see the true effects of what a 51% attack could mean. A ASIC-resistant, or ASIC-impossible solution needs to be found. We're looking at having Bitcoin taken from beneath us if we don't act now. And this will NOT be the only attack we will see in this style. Core has a responsibility to Bitcoin to put their effort into this. +I wanted to make an appreciation post to the people who post their DD's on this page. I recently got into stocks and dont know how to DD other then new articles and what people are talking about the stock. All the people who post what they think of they stock and their plays help me out a bunch. THANK YOUU 🚀🚀 +Hey apes - if you want to understand what impact NFT's will have on GME, the gaming industry and all of us apes - then take a deeper look at the points that "crossaint" has made in his posts. + +Edit: I am just a smooth-brained-copy-paster..all credit goes to "crossaint"(twitter-link below) who pointed out: + +"NFTs are forming the framework for the Web 3.0 owned by the users This topic intrigued me, and I spent hours of researching that led me into an even deeper rabbit hole I’ll explain below… + +Although the concept of NFTs may seem very new, the idea itself isn’t. Throughout all of history, humans have used non-fungible items as a means to trade. Hundreds of years ago, ancient descendants of the Yap islands used RAI stones to transact with one another. + +These RAI stones were large rocks, varying greatly in value and meaning based on their markings and history through oral traditions. Whenever a stone changed ownership, the inhabitants would agree with common consensus on ownership of a given rock. Sound familiar? + +&#x200B; + +https://preview.redd.it/kkp2stwfn1l71.png?width=257&format=png&auto=webp&s=9bfb995971f0c94aff95c4f0fc59590b44a7ac4c + +This process, especially for non fungible items, became very popular for many years. Items of particular importance were traded, gifted, or granted to people to signify events like ceremonies, or weddings. + +&#x200B; + +https://preview.redd.it/ikswrvjln1l71.png?width=680&format=png&auto=webp&s=8c3cf85c19227e7ab3eb60206b31709208dcdb47 + +But fast forward to the creation of the internet, & the idea of ownership has fundamentally changed… What we think we own on one platform, almost certainly may not be true for another. + +&#x200B; + +https://preview.redd.it/36dgsf8pn1l71.png?width=679&format=png&auto=webp&s=4010b99f262f2c8408385c029af90c46d8df7e22 + +Did you know… World of Warcraft had over 12M users at its peak? It actually became so popular that the gold used in the game became worth real money. Users all across the globe started to “farm gold,” growing it to a $900M+ industry while employing millions of players. + +https://preview.redd.it/ydljvbbyn1l71.png?width=1175&format=png&auto=webp&s=fe315a6c97eecf15bde81a4fd72d3f3f393cb119 + +Another fun fact: Gold farming actually became so popular that it was banned in China (ironically). Because of this, the developers of the game were then even forced to make changes to game mechanisms to make the virtual currency less valuable. + +What’s my point? Gaming + the blockchain go hand in hand. It is only when combined with a decentralized network, programmable smart contracts, and creator economies that I believe gaming will start to unveil its full potential. + +If you think you own something that is online right now, you are are likely just a renter of the content & granted a license (i.e. permit) to view the items on their app of which is taking a significant cut. Still don’t believe me? Just look at a book as an example. + +A paperback book passed down from generation to generation retains its sentimental value through word of mouth, rips on pages, memories, interactions, and is much more unique to the user. The same can’t be said for a book, song, or video you bought online on your phone today. + +If you wanted to send the book to your mother as a gift, or even do something as simple as transfer it to another device, this problem can become quite tricky… Leaving us to beg the million dollar question: **Do we actually own ANY of our digital content online?** + +The simple truth is no. The lack of “ownership” across the media industry is the result of a small group of companies reaping profits from their users. The true monopolization of the industry is actually quite shocking to see, and… + +Most media companies are unsurprisingly owned by a very select few of even larger companies + +Disney owns: ABC Disney channel, ESPN Pixar Marvel + +Comcast owns: NBC, CNBC, MSNBC, Hulu Bravo + +News Corp owns: FOX, FX, WSJ, NYP + +Viacom owns: MTV, Nickelodeon, Comedy Central, BET, Paramount + +&#x200B; + +When there is no competition, it becomes a matter of who can get the most attention (clickbait). Content creators are not paid for the quality of their work, but rather for just how many eyes they can get and for how long. Furthermore, with a few siloed companies running it all… + +They are able to take a significant cut from their artists using the platform while retaining the only way to publish such content to a wide audience. When innovative technologies aren’t open sourced, the entire industry is not allowed to flourish to its fullest capabilities. + +We saw something similar happen with AT&T and the monopoly of the telecommunications system, which owned every part of the telephone industry until 1982. They described themselves as a “closed wall,” not compatible with other companies or at the disposal of them. + +Is it possible the same type of circumstance may happen with ownership on the internet? I believe so. Although companies try to mimic ownership of content, a new solution that is caught up with the tech of social media networks, cloud computing, & more is desperately needed. + +Facebook, YouTube, and other social media tech giants have a unique ability to attribute real life emotions and experiences with specific content (images generate likes and comments and shares from friends online). But they lack a key component: ownership & scarcity. + +**This is where I believe NFTs will come in:** + +The blockchain can track every interaction or connection to ever occur for digital content, baking in intrinsic value & connections to the asset itself. Slowly but surely, people will start to demand ownership of their digital content. + +The same NFT that can give access to my blog, can give access to a tweet on Twitter, or even a video on YouTube. In addition to being able to program this value across any platform, **I can maybe even pay some DIVIDENDS to holders with a percentage of my sales.** + +Since I’m running out of room I’ll now try to wrap up my thoughts into a few concise points. The invention of the non-fungible token on [$ETH](https://twitter.com/search?q=%24ETH&src=cashtag_click) has allowed for developers and/or content creators to supersede all previous systems before at no loss What does this mean? + +NFTs simply cut out the middleman, connecting content creators to their customers like never before In a world with NFTs, programs that were siloed & not interoperable are no longer closed systems. These fundamental values can’t be tampered with in the Web 3.0 economy. + +They are “baked in” to the assets themselves at the technical level on the blockchain I believe **NFTs are driving attention & value to assets that were previously intangible, creating an entire flourishing market that will reward quality rather than quantity.** + +NFTs are the next step for disintermediation of the internet. There will come a time that people demand ownership of their assets, & rightfully so. **This is an entire trillion dollar industry forming before our very own eyes…** + +TLDR: GME + ETH are clearly building a new gaming/trading industry on top of the ETH blockchain that will cause a revolution in gaming and will end up in a metaverse of markets, playing fields, virtual worlds and so on... + +Sources: + +[https://cryptopotato.com/is-gamestop-developing-an-ethereum-based-nft-platform/](https://cryptopotato.com/is-gamestop-developing-an-ethereum-based-nft-platform/) + +[https://twitter.com/CroissantEth/status/1433195306024321024](https://twitter.com/CroissantEth/status/1433195306024321024) + +[https://forkast.news/how-blockchain-drive-video-games-web-3-future/](https://forkast.news/how-blockchain-drive-video-games-web-3-future/) + +&#x200B; + +Have a nice day my fellow apes and enjoy the ride! +So, I just graduated college, make about $62k/yr I am currently matching 6% 401k, and saving $300 (weekly) for investments. I have been reading and reading about investing, and a lot of people have a lot of opinions on "how to research a stock." That being said, everyone is entitled to their own opinion, but, How do you actually research a stock? How do you research a company's financials? What are some common "good habits" to follow? What are important research steps to follow that I am currently not following? Basically, all I am doing is "gut-feeling" investing. Currently am invested in FUSEX, BRK.B, CMG, and IYE (bought in after gas tanked around beginning of December, in hopes of a recovering gas market). +Apparently Hacked by "The Hole Seekers" + +A flash animation plays when you visit.. Wonder if any payload was malicious payload was delivered, or if user data was compromised? Site appears to be down now. + +More detail: http://cryptolife.net/bitcointalk-hacked/ +hello apes, + +This morning I read an article in a newspaper about how ''redditors are collectively hopping on the silver train''. The article in question was from FD, basically the Dutch Financial Times. + +It's about the following article;[https://fd.nl/beurs/1372360/gamestop-beleggers-richten-zich-op-zilvermarkt](https://fd.nl/beurs/1372360/gamestop-beleggers-richten-zich-op-zilvermarkt) + +&#x200B; + +We all know damn well that the ones who bought GME are still holding it, and that no OG WSB member cares about SLV. So I asked them about their sources to justify an article about Redditors buying silver and they replied with these two sources. They basically said that they get first hand information from analysts and that they are not writing anything that is not truthful. Additionally they said they are aware of the market sentiment but that they are also aware of ''redditors driving up the price of silver''. I sent them eight of the most popular posts of WSB of the past 24 hours to point out the market sentiment (which is GME). They provided these sources for their article; + +1. [https://www.reddit.com/r/wallstreetbets/comments/l6novm/the\_real\_dd\_on\_slv\_the\_worlds\_biggest\_short/](https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/) +2. [https://www.reddit.com/r/wallstreetbets/comments/l68ill/the\_biggest\_short\_squeeze\_in\_the\_world\_slv\_silver/](https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/) + +&#x200B; + +One of these posts has even been deleted! I pointed out that the accounts that promote silver are mostly new accounts, or accounts that have been inactive for a long time. They said they did not see any proof for that statement and referred back to two SLV posts here. + +TLDR; Media ignoring the actual market sentiment + +PS; Yes, I can provide screenshots of the emails I wrote, but they are not in English so I figured there would be no point it posting those in WSB. + +Disclaimer; not financial advisor. Do your own research and make your own decisions +I wanted to take a second to thank this community for giving me a vision of financial independence and helping me find the motivation to start making it happen. I started reading this sub daily at the beginning of this year and began to implement some of your recommendations, most notably by cutting my recreational spending and cutting down on my cost of living. My 2016 resolution was to save & invest half of my income after taxes. Well, I just deposited my last check for the year and I’m pleased to say that I exceeded that expectation. This year I saved and invested 52% of my net income! For me, the hardest part about this journey has been finding the motivation to stay on track. The rules are straightforward, but obeying the rules has been very difficult for me to do without keeping a clear vision. So I'm hoping this post will help people in similar situations see what it looks like and encourage them to keep going. + +Don't give up, friends! + +Here’s the total breakdown of how I have spent every dollar I’ve earned over the last 6 years. You can see the distinct investment increase in 2016, which corresponds to when I started reading this sub. + +http://imgur.com/WEPAfry + +Here’s my actual and projected spending into year 2030. My goal is to reach $1 million by 2030 (age 43). Please feel free to pick this apart and ask questions and give recommendations. I couldn’t be happier with the support I’ve received with this community thusfar. + +http://imgur.com/HRhyANF + +Thanks again everyone and happy investing! + + +BACKGROUND: + +Age: 29 + +Job: Astronautical Engineer for USAF + +Average Net Income: $59,898/Year (edit: this is over the past 6 years. Promo rates and raises are significantly higher for officers later in their career) + +Net Worth: $115,840 (was -$60,000 when I graduated college 6 years ago) + +Credit Score: 816 http://imgur.com/T62aWIk + +ROI to date: -5.98% (not proud of this) + +Edit #1: Graphs were built in MS excel. Happy to share the spreadsheets when I get home tonight. + +Edit #2: Happy budgeting! https://drive.google.com/open?id=0B92GKguKvy0ANy10M3huRW1oWlU +Good morning everyone, it's hump day. Things are looking a bit red this morning. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: IMTX, CRWD, +* Gapping DOWN: PLUG, SKLZ, MARA, RIOT, TSLA, PTON, NIO, CCIV, TLRY, MGNI, PDD, LIZI + +**Stocks Under $10** + +1. ZCMD: Gapping up on news of a contract renewal. Seeing good volume and price action in premarket. Just be cautious, as this could get overextended. +2. HUGE: Gapping up but couldn't find a catalyst. Seeing good volume and decent price action in premarket. Seems to have found premarket support at 2.98-2.99, for now. +3. SSKN: Gapping up after news of presenting at investor conference (couple different catalysts in the past few days). Seeing decent volume and price action in the premarket. Found premarket support at 2.20, for now. +4. GTBP: Gapping up on news of clinical trial results, as well as a price target announcement. Seeing okay volume and price action, but I'll want to see volume pick up more. +5. TMBR: Gapping up on news of partner entering licensing agreement. Seeing good volume and decent price action in premarket. +6. GLG: Gapping up on news of acquiring copper mine. Seeing pretty low volume at the moment, but I'll be keeping an eye on it to see if volume picks up. + +Stocks are going to open in the red this morning. Not much gapping up on volume in premarket, so there's really weakness across the whole market. I don't know how the rest of the day is going to play out, but I'm expecting some volatility and indecision. SPY is trading below 395, and we could see downwards movement to support levels after hovering around ATH. Bitcoin is pulling back a bit as well, currently trading at around 55,000. Bitcoin-related stocks also getting hit in premarket, but I'll be watching how Bitcoin does today compared to the overall market. Tech continues its slide. Gold and silver are also down, as is oil. Alibaba's (BABA) web browser was removed from select Chinese app stores, and I'll be watching to see if this will have further implications. + +Things could get choppy today, so don't be afraid to sit this one out and observe. Also, do not get tunnel-vision on a single stock and force trades. **If a small cap stock is in a downtrend, don't try to catch the falling knife**. It's not worth it. I am only trading these small cap stocks on upwards momentum, if momentum continues. Move on and look for other opportunities. Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +Good morning everyone, it's hump day. Things are looking a bit red this morning. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: IMTX, CRWD, +* Gapping DOWN: PLUG, SKLZ, MARA, RIOT, TSLA, PTON, NIO, CCIV, TLRY, MGNI, PDD, LIZI + +**Stocks Under $10** + +1. ZCMD: Gapping up on news of a contract renewal. Seeing good volume and price action in premarket. Just be cautious, as this could get overextended. +2. HUGE: Gapping up but couldn't find a catalyst. Seeing good volume and decent price action in premarket. Seems to have found premarket support at 2.98-2.99, for now. +3. SSKN: Gapping up after news of presenting at investor conference (couple different catalysts in the past few days). Seeing decent volume and price action in the premarket. Found premarket support at 2.20, for now. +4. GTBP: Gapping up on news of clinical trial results, as well as a price target announcement. Seeing okay volume and price action, but I'll want to see volume pick up more. +5. TMBR: Gapping up on news of partner entering licensing agreement. Seeing good volume and decent price action in premarket. +6. GLG: Gapping up on news of acquiring copper mine. Seeing pretty low volume at the moment, but I'll be keeping an eye on it to see if volume picks up. + +Stocks are going to open in the red this morning. Not much gapping up on volume in premarket, so there's really weakness across the whole market. I don't know how the rest of the day is going to play out, but I'm expecting some volatility and indecision. SPY is trading below 395, and we could see downwards movement to support levels after hovering around ATH. Bitcoin is pulling back a bit as well, currently trading at around 55,000. Bitcoin-related stocks also getting hit in premarket, but I'll be watching how Bitcoin does today compared to the overall market. Tech continues its slide. Gold and silver are also down, as is oil. Alibaba's (BABA) web browser was removed from select Chinese app stores, and I'll be watching to see if this will have further implications. + +Things could get choppy today, so don't be afraid to sit this one out and observe. Also, do not get tunnel-vision on a single stock and force trades. **If a small cap stock is in a downtrend, don't try to catch the falling knife**. It's not worth it. I am only trading these small cap stocks on upwards momentum, if momentum continues. Move on and look for other opportunities. Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +Otherwise it's just noise, these updates/watchlists are all the same. + +We already have premarket scanners. We already know XYZ stock has gapped up premarket because earnings or positive trial results etc etc + +We are here to learn, so it would be useful if you either updated the post with the trades you took, or started your daily watchlist with what you traded yesterday. + +Just a suggestion. + +With all these watchlists popping up more often I wouldn't be surprised if the mod put them in a sticky sometime in the future. Like those "Look at my trading setup" photos that flooded the sub for a while. + +Edit: I don't mean write live trading updates/buy signals. I mean come back the next day and explain what you did with your watchlist. +If this post gets through Superstonk and makes it to the front page of Reddit, what you’ve got to understand if you’re a casual investor is that no serious Reddit investors are talking about, interested in, or let alone investing in any of the new ‘meme stocks’ getting so much attention on mainstream media on the daily. The one and only play is GME, it’s the only ‘meme stock’ that matters and the only one that threatens the survival of all the entities pumping all these other supposed ‘meme stocks’. + +The only place on Reddit where these pump and dump schemes are being broadcast is Wallstreet Bets, which was subjected to a hostile hedge fund takeover months ago. Any mention of GameStop is banned on Wallstreet Bets and posts talking about it are usually deleted within minutes. + +So you’re being criminally scammed into lighting your hard earned money on fire by chasing these supposed ‘meme stocks’ that are suddenly getting so much attention in the media while being promoted by hedge fund shills on Wallstreet Bets. They’re not getting any attention or interest from serious Reddit investors. + +What mainstream media and the hedge funds with vulnerable short positions in GME are accomplishing with their self-chosen ‘meme stocks’ is twofold. They’re running a pump and dump scheme to steal away your money in order to generate more finances for the war for survival in GME. And after the fact, when the dump happens, they get to start the long-term narrative that “those fickle redditors have moved on to something else. They’re not serious investors and it’s their fault you lost your money.” They want to discount and diminish us as serious investors because we pose a threat to their survival, to their ability to continue to game the system for their own gain. + +Well, we are serious investors. The play is and always has been GME, it’s the only ‘meme stock’ that matters and that’s why it’s the only ‘meme stock’ that barely gets any attention at all on mainstream media except to cast doubt on its suitability as a good investment. Every other ‘meme stock’ being pumped on mainstream media is a hedge fund pump and dump scheme meant to convince you to jump in to put money in their coffers before pulling the rug out from under you. +[http://svrn.co/blog/2017/5/14/waiting-for-the-market-to-crash-is-a-terrible-strategy](http://svrn.co/blog/2017/5/14/waiting-for-the-market-to-crash-is-a-terrible-strategy) + +Edit: For clarification, I employ both strategies to a certain extent. I allocate a % (albeit small) of my portfolio and contributions to staying in cash for the sole purpose of buying particular stocks when the market dips (as u/learner1314 stated) while also employing a buy-and-hold strategy for the bulk of my portfolio. Just posting this article for information purposes. Edit #2 ~~u/JustAsIgnorantAsYou is spot-on that money earned in interest while staying in cash is omitted. I didn't think of that while perusing the link so I'd be curious what the author's reason is for doing that.~~ + + +So automod (the bane of my existence) decided to delete my comment that did some digging into the Gamestop ERC 721 Smart Contract. I'm reposting the info here for anyone curious. + +*All ethereum addresses posted here can be looked up on* [*etherscan.io*](https://etherscan.io) *(as I'm too afraid automod will delete my post if I add in links).* + +# Smart Contract + +The smart contract itself is your standard erc-721 contract. The **launch date is set for July 14th,** but note that this is a *soft launch* date as the contract has explicit code that can change that date. The official address is found here **0x13374200c29C757FDCc72F15Da98fb94f286d71e** + +Fun fact as pointed out by u/joshmo23 \- the first 7 digits of the smart contract address are indeed shout outs to gamers and are likely not a coincidence in this case. 1337 being a reference to "leetspeak" and "420" being pretty obvious. Vanity public addresses are definitely possible in the Ethereum world, but are harder to calculate the more specific your address is. Perhaps there's more to be found in the address! + +# Multisig Wallet + +There is a gnosis safe multi-sig wallet found at **0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad .** which is also the owner of the GameStop NFT smart contract. Multi-sig wallets require a set number of participants to agree on a transaction before following through with that transaction. This allows for delegated ownership of everything from smart contracts (deployed via the multi-sig) to transferring ether. + +# ENS + +For those unfamiliar, ENS is just a namespacing service analogous to DNS. It connects the name, **gamestopnft.eth** to the address **0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad** which is GameStops multi-sig wallet. + +# My Personal Opinion + +NFTs for GameStop?! Fuck yeah! It shows me that GameStop is a growing tech company and not the "brick and mortar" company that the media likes to portray it as. GameStop is putting itself front and center into a rapidly growing cryptospace with potential to pull in large sums of revenue via digitized assets. Remember, it costs GameStop almost nothing (only Ethereum gas fees) to sell some NFTs, so it's a pure profit play. The sky is the limit here, and there are a million things they could do via NFTs, from cross platform integrations to possible dividend awards for sharehodlers. The NFT space is amazing, and the initiative this company has taken to enter this growing space shows me the technical prowess this company has to redefine themselves. + +TL;DR + +TITS Jacked. GameStop entering the NFT space. Nothing out of the ordinary when it comes to their smart contact. It may be worth following addresses posted above over the next few days to see if we can get any more information. 🚀🚀🚀🦧🦧🦧 + +Edit: Had to edit the post of bad information that was present due to a misunderstanding of what I thought was a "proxy" contract. Upon further inspection, it's actually a Gnosis Safe multi-sig. I apologize for the misinformation! +I have been through some of the 'biggest and most respected name' on crypto YouTube. + +CoinsKid, MMCrypto, Chart champions and so on and so on. + +All they do is the following: + +\>Pump out multiple videos of a possible scenarios stating it could up or could go down. + +\>Then they claim they called it correctly by simply choosing the video that ended up being right. + +\>honestly whenever you think you have found the next 'God of TA' just go back through their last 30 videos or so and check the prediction against the actual price action. 9/10 videos will be wrong. + +Truth is TA takes decades of experience in a proper bank/hedge fund. And if you where that good you wouldnt need to make f\*\*king YouTube videos. + +Sorry i know most of you know this, but i hope it helps some of the newbies out there. + +Needed to rant lol + +Stay safe people! + +&#x200B; + +**UPDATE: Getting downvotes - i see you MMCRYPTO lol** +8 years ago I was in a bad place. I was using this sub to figure out how to curate a hooker budget. + +https://www.reddit.com/r/financialindependence/comments/26mfz2/29_years_old_net_worth_20k_my_plan_to_reach_fi_in/ + +4 years ago I was in a better place with a wife and newborn. + +https://www.reddit.com/r/financialindependence/comments/78uld0/update_from_over_three_years_ago_priorities/ + +Today, I’m in a different place. I make $350k as of three months ago with a full time job plus passive income, and I thought I owed some of my thoughts to this sub because of how much it’s provided to me. + +They might not apply to you but I just wanted to provide another data point / perspective. + +TLDR + +1. Life changes. No matter what stage you’re in this is important to recognize. + +2. I’ve given up FIRE. What!???? What I mean here is that giving my kids FIRE is a bigger prirority. If I can achieve FIRE great, but I doubt it. + +3. Most importantly… FUCK YOUR CURRENT EMPLOYER IF YOU HAVE ONE. Switching jobs that allows me to make my current income… I realized most people don’t switch because they’re scared. Let me tell you: DONT BE SCARED. + + +4. This sounds really stupid but… FIRE is about the journey. I’ve already realized I won’t achieve FIRE but the journey has been amazing and set my kids up for an amazing future. + + +Net worth: 500k might be ok at age 40 but far from Fire + +Income: 350k + +Life insurance: $4 million + +God bless. +[u/Maniquoone](https://www.reddit.com/u/Maniquoone/) posted a [Tweet](https://twitter.com/Spiro_Ghost/status/1596625144814141441?cxt=HHwWgoDUwYSHragsAAAA) yesterday (now removed?) about a 'central banker' and their ambitions for CBDCs. It's vital to highlight and discuss this content, but the title for this individual is *far* too generic. With the popularity of that post, I'd like to strike while the iron is hot and expand on who this person is and the organization for which he works. + +His name is *Agustín Carstens*, and he's the current General Manager of the *Bank for International Settlements* (**BIS**), **the organization which I believe is the final boss in this saga.** + +\--- + +# It's a shit hill, Rand + +Just like how shit flows downhill, debt fails upwards. For example, if you default on your mortgage and flee to Mexico ^(figure of speech), your bank would take your house but still own the debt you left behind. While obviously oversimplified, this is a crucial idea to understand and needs to be applied at the highest level, the MOASS level, once financial whales start to get harpooned. + +The DD has outlined the (also oversimplified) order of operations for cascading defaults in US markets as basically this; + +*retail < hedge funds < banks < prime brokers < DTCC < FED* + +I believe this is incomplete. + +Let's recap the last two quickly; + +# The DTCC + +The *Depository Trust and Clearing Corporation* ([DTCC](https://www.investopedia.com/terms/d/dtcc.asp)) is an American financial services company founded in 1999 that **provides clearing and settlement services for the financial markets**. When the DTCC was established in 1999, it combined the functions of the *Depository Trust Company* ([DTC](https://www.investopedia.com/terms/d/dtc.asp#toc-what-is-the-depository-trust-company-dtc)) and the *National Securities Clearing Corporation* ([NSCC](https://www.investopedia.com/terms/n/nscc.asp)). + +[The DTC, NSCC and FICC are all subsidiaries of the DTCC, but they're all the same entity.](https://preview.redd.it/9n5bk95xhz2a1.png?width=1020&format=png&auto=webp&s=f7f5fed32df946d185c7a03d493e5aed0f34ac8a) + +https://preview.redd.it/34bpoa5xhz2a1.jpg?width=1719&format=pjpg&auto=webp&s=b7dfda2e325d0594d413cdee8e39acdc6613dfb9 + +**The DTCC is the holding company for registered clearing agency and non-clearing agency subsidiaries**. And it holds **6.9** **metric fucktons** of stuff; + +[2016 - $36B, 2017 - $34.2B](https://preview.redd.it/k7pa11xzhz2a1.png?width=710&format=png&auto=webp&s=31f47eb234887217d46a151c996ce2b4a6d4b176) + +[2018 - $47.9B, 2019 - $52.1B](https://preview.redd.it/gpppcl54iz2a1.png?width=684&format=png&auto=webp&s=dfac883a1e429d23e74b42c196fd8d7937f4e73e) + +[2020 - $74.1B, 2021 - $74B](https://preview.redd.it/snuzpq51iz2a1.png?width=687&format=png&auto=webp&s=a1af28e1fa5c2a1a43b4a00851f76acaef53b34a) + +Fun fact - the DTCC went from owning assets worth 0.272% of all M2 USD in circulation in 2016 ($36B 2016 summary assets/$13.2T [M2](https://fred.stlouisfed.org/series/M2SL) Dec 2016), to owning assets worth 0.344% of all M2 USD in circulation in 2021 ($74B 2021 summary assets/$21.5T M2 Dec 2021). + +In 2021 The DTCC [reported](https://www.dtcc.com/~/media/files/downloads/about/annual-reports/DTCC-2021-Annual-Report) an official total revenue of $2.054 billion, and a total value of securities processed at $2.37 **quadrillion**. *That's $2,370,000,000,000,000.00!* + +The DTCC’s user-owners include **Citigroup, BNP Paribas, JP Morgan, State Street, UBS, Goldman Sachs, Morgan Stanley, Virtu, Barclays, BNY Mellon, Bank of America.** + +# The FED + +The Federal Reserve's ([FED](https://www.investopedia.com/articles/economics/08/treasury-fed-reserve.asp)) **primary responsibility is to keep the economy stable by managing the supply of money in circulation**. ^(nice job, fuckos) The FED monitors financial system risks and engages domestically and internationally to help ensure the system supports a healthy economy for U.S. households, communities, and businesses. + +The Treasury manages all of the money coming into the government and paid out by it. + +"[M2 Money](https://fred.stlouisfed.org/series/M2SL#)" is a measure of the U.S. money stock that includes M1 (currency and coins held by the non-bank public, checkable deposits, and travelers' checks) plus savings deposits (including money market deposit accounts), small time deposits under $100,000, and shares in retail money market mutual funds. + +https://preview.redd.it/gu1vrmebiz2a1.png?width=610&format=png&auto=webp&s=f105df39a93f1c63e31137de3a872c51715b3b9e + +[M2 Supply](https://preview.redd.it/xtp8rh8eiz2a1.png?width=1168&format=png&auto=webp&s=451b0eed4964862a5b6e85a9b631c7addd797a20) + +There are 12 individual Federal Reserve Banks, all of which have stock that is not freely transferrable, pay dividends and are held by private banks. + +[https:\/\/www.federalreserve.gov\/aboutthefed\/structure-federal-reserve-system.htm](https://preview.redd.it/p0qxkyigiz2a1.png?width=776&format=png&auto=webp&s=e8d42a164ca5bd4652777af9e4146598a7dd3925) + +The FED was created by Congress, and for national banks membership and FED stock ownership is mandatory. The FOMC is under majority conrol by the federally appointed [Board of Governors](https://www.federalreservehistory.org/people). + +[https:\/\/www.federalreserve.gov\/aboutthefed\/structure-federal-reserve-system.htm](https://preview.redd.it/5sezd9kiiz2a1.jpg?width=650&format=pjpg&auto=webp&s=2f136cd1e1e901b55a8d2c8b515bb6ef900cca12) + +The FED currently has **$8.621 trillion** in total assets; + +[https:\/\/www.federalreserve.gov\/monetarypolicy\/bst\_recenttrends.htm](https://preview.redd.it/bj3htvckiz2a1.png?width=1165&format=png&auto=webp&s=9e9568ad46046284934069d7a12c3c24414a5f09) + +US Reserves Assets currently [total](https://www.federalreserve.gov/data/intlsumm/current.htm) $232 billion. + +https://preview.redd.it/sebr6gtliz2a1.png?width=1152&format=png&auto=webp&s=6cdf4530370fe6c698ee647523931dfe96785d81 + +Note the spike in "speacial drawing rights", highlighted details in footnote #2. There was a massive spike in 2021 with the increase in money supply at this time. + +# SO... + +The FED has significantly more assets than the DTCC, makes sense, this is not new information, but what makes them so much more powerful and infleuntial is **their ability to control the USD supply**. Plain and simple. + +**Remember this.** + +# Augstin Carstens + +[Wiki summary](https://en.wikipedia.org/wiki/Agust%C3%ADn_Carstens); + +* In the mid-1980s Carstens rejoined the Bank of Mexico. **Before turning thirty he was appointed treasurer, effectively taking charge of the national reserves.** +* Rising through the ranks in the early 1990s, he was appointed chief of staff of chairman Miguel Mancera, and served as Director General of Economic Research at the end of the 1990s, **in charge of designing the Bank's economic policy** +* After many years at the Bank of Mexico, Carstens **took a position at the IMF and served as the deputy managing director** from 1 August 2003 to 16 October 2006 +* Carstens left the IMF to coordinate the economic policy program of Felipe Calderón, then president-elect of Mexico, who appointed him as secretary of finance shortly after the election was validated. +* On 26 March 2007, Carstens was **additionally appointed new chairman of the joint** **World Bank**/IMF Development Committee, a position customarily occupied by a developing country finance minister. +* As secretary, Carstens **took the unconventional decision to** **hedge** **Mexico's oil earnings for 2009 against possible price falls, leading to an $8 billion profit for the country.** +* Carstens was nominated to the Bank of Mexico on 9 December 2009 by President Felipe Calderón, **replacing 12-year veteran** **Guillermo Ortiz**, who reduced inflation from double digits to 4 percent by the end of 2009. He was confirmed by the Senate on 15 December 2009 with 81 votes in favor and 19 votes against. + +https://preview.redd.it/c8dt3smoiz2a1.jpg?width=640&format=pjpg&auto=webp&s=a2b4e365173e4d5550669f7486710b1fbfd96ec9 + +From an interview on June 25, 2018; + +>[Q](https://www.bis.org/about/archive.htm?m=2005): Don't you think it's a positive side effect that Bitcoin has got many young people thinking about money, money creation and the financial system? +> +>A: **Glance back into the past and you will see that creating gold or money from nothing has been a regular obsession. It never worked**. Even the great physicist Isaac Newton was at one point in his life obsessed by alchemy and the idea of making gold. He was very successful in a number of fields, but in this one he failed. Newton ended up as head of the British Mint. Why? Because he could detect at once if a coin was counterfeit. **After he failed in his attempt to make gold, he switched sides and sent counterfeiters to prison. So my message to young people would be: Stop trying to create money!** + +A) literally not the point, nice deflection, and 2) *"Don't do that! It's bad! Remember that one guy! It didn't work!"* + +&#x200B; + +>Q: A well respected book about the BIS \[[The Tower of Basel](https://www.c-span.org/video/?313679-1/tower-basel)\] made reference to the "secret bank that rules the world". **How secret is your bank in actual fact?** +> +>A: Well, here you are sitting inside it, so - so much for secrecy! But seriously- **We have made it our goal to present a more diverse and more human picture of the BIS - among other things, in our Annual Report and through our internet presence. We want to become more approachable.** Much of what we do here is public. The bulk of our research, for instance, is public. **Obviously, there are some activities, also discussions, which by their nature are subject to confidentiality. But I can assure you that such business is less exciting than some people imagine** \- and as for ruling the world: hardly! In two years' time, we'll be celebrating the 90th anniversary of the Bank's founding. We want to use the occasion to better explain what we do here and how important our activities are. + +"Someone presented a strong case you guys are criminals, so, sup?" + +"No! We are in the building! We want to have an instagram account! Ha Ha! Most of our discussions are public! And we are only 90 years old so we cannot control the world." + +&#x200B; + +Wow. *Spoken so eloquently.* Exactly as competent as you would expect for the GM of the bank of all banks with a lifelong resume in global finance. Doesn't he just *exude* confidence and perfectly and efficiently address the concerns laid out in the question like a stone-cold, remoreseless, mathmatically gifted sociopath, like all other people in those positions? + +*/s* + +This man has one of the *highest* positions in global finance, and is an absolute buffoon. + +I mean... just like the [Tweet](https://twitter.com/Spiro_Ghost/status/1596625144814141441?cxt=HHwWgoDUwYSHragsAAAA), the General Manager of the fucking BIS is explaining how they don't know who uses cash bills.... It just makes my brain hurt. And for the part where he said *"that will determine the rules and regulations on the use of CBDCs"*, he had to look down to read the line... Just...yikes. + +Almost every other instance of him speaking is nonsense. + +In my speculative opinion, he is likely a front for the people really writing the rules and potential fall guy to global finance just like I think SBF was to FTX. But that's neither here nor there. + +# BIS + +The Bank for International Settlements is **an international financial institution offering banking services for national central banks** and a forum for discussing monetary and regulatory policies. + +^(🦍 - They are a singlular global central bank for all the major national central banks around the world. It is the bank of banks.) + +Established in 1930, the **BIS is owned by** [63 central banks](https://www.bis.org/about/member_cb.htm), representing countries from around the world **that together account for about 95% of world GDP;** + +Bank of Algeria, Central Bank of Argentina, Reserve Bank of Australia, Central Bank of the Republic of Austria, National Bank of Belgium, Central Bank of Bosnia and Herzegovina, Central Bank of Brazil, Bulgarian National Bank, Bank of Canada, Central Bank of Chile, **People's** **Bank of China**, Central Bank of Colombia, Croatian National Bank, Czech National Bank, Danmarks Nationalbank (Denmark), Bank of Estonia, **European** **Central Bank**, Bank of Finland, Bank of France, **Deutsche** **Bundesbank (Germany)**, Bank of Greece, **Hong** **Kong Monetary Authority**, Magyar Nemzeti Bank (Hungary), Central Bank of Iceland, Reserve Bank of India, Bank Indonesia, Central Bank of Ireland, Bank of Israel, Bank of Italy, **Bank** **of Japan**, Bank of Korea, Central Bank of Kuwait, Bank of Latvia, Bank of Lithuania, Central Bank of Luxembourg, Central Bank of Malaysia, Bank of Mexico, Bank Al-Maghrib (Central Bank of Morocco), Netherlands Bank, Reserve Bank of New Zealand, National Bank of the Republic of North Macedonia, Central Bank of Norway, Central Reserve Bank of Peru, Bangko Sentral ng Pilipinas (Philippines), Narodowy Bank Polski (Poland), Banco de Portugal, National Bank of Romania, Central **Bank of the Russian Federation**, **Saudi** **Central Bank**, National Bank of Serbia, Monetary Authority of Singapore, National Bank of Slovakia, Bank of Slovenia, South African Reserve Bank, Bank of Spain, Sveriges Riksbank (Sweden), **Swiss** **National Bank**, Bank of Thailand, Central Bank of the Republic of Türkiye, Central Bank of the United Arab Emirates, **Bank** **of England, Board of Governors of the Federal Reserve System (United States)** and State Bank of Vietnam + +^(I've bolded bank names of nations recently mentioned by MSM due to financial and/or geopolitical issues, but as you can see, this is an extensive list) + +&#x200B; + +[BIS Board of Directors;](https://www.bis.org/about/board.htm) + +The Board may have up to 18 members, including six ex officio Directors, comprising the central bank Governors of Belgium, France, Germany, Italy, the United Kingdom and the United States. They may jointly appoint one other member of the nationality of one of their central banks. Eleven Governors of other member central banks may be elected to the Board. + +|François Villeroy de Galhau (**Chair)**|Paris| +|:-|:-| +|Stefan Ingves (**Vice-Chair)**|Stockholm| +|Andrew Bailey|London| +|Roberto Campos Neto|Brasilia| +|Shaktikanta Das|Mumbai| +|Yi Gang|Beijing| +|Thomas Jordan|Zurich| +|Klaas Knot|Amsterdam| +|Haruhiko Kuroda   |Tokyo| +|Christine Lagarde|Frankfurt| +|Tiff Macklem|Ottawa| +|Joachim Nagel|Frankfurt am Main| +|**Jerome H Powell**|**Washington**| +|Chang Yong Rhee|Seoul| +|Victoria Rodríguez Ceja|Mexico| +|Ignazio Visco|Rome| +|John C Williams|New York| +|Pierre Wunsch|Brussels| + +&#x200B; + +[BIS Management](https://www.bis.org/about/officials.htm); + +|General Manager|Agustin Carstens| +|:-|:-| +|Secretary General and Head of General Secretariat|Luiz Awazu Pereira da Silva| +|Deputy General Manager|Monica Ellis| +|Head of Banking Department|Peter Zöllner| +|Head of Monetary and Economic Department|Claudio Borio| +|Economic Adviser and Head of Research|Hyun Song Shin| +|Head of BIS Innovation Hub|Cecilia Skingsley| +|General Counsel|Diego Devos| +|Deputy Head of Banking Department|Luis Bengoechea| +|Deputy Secretary General|Bertrand Legros| +|Deputy Head of Monetary and Economic Department     |Stijn Claessens| +|Chair, Financial Stability Institute|Fernando Restoy| +|Head of Risk Management|Jens Ulrich| +|Chief Representative for Asia and the Pacific|Tao Zhang| +|Chief Representative for the Americas|Alexandre Tombini| + +&#x200B; + +So what does the BIS [***do***](https://www.bis.org/about/index.htm?m=1)? + +>To pursue our mission, we provide central banks with: + +* a forum for dialogue and broad international cooperation, +* a platform for responsible innovation and knowledge-sharing, +* in-depth analysis and insights on core policy issues, and +* sound and competitive financial services + +*...so....they talk?... about bank stuff? Wow. How enlightening and reassuring.* + +&#x200B; + +>To deliver on our mission, our work is anchored in strong core values that shape the way in which we work. + +* We deliver value through excellence in performance. +* We are committed to continuous improvement and innovation. +* We act with integrity. +* We foster a culture of diversity, inclusion, sustainability and social responsibility. + +*....fucking pardon fucking me? You "work hard" and you're "honest" and "responsible"? You effectively dictate the* ***entire global banking system***, why would you even need to state that? Oh yeah, right, because you're ***lying.*** + +&#x200B; + +You would think it would be easy to find more specific information on the central bank of central banks... it isn't. + +You would think this level of finance would be at least somewhat transparent... [it isn't.](https://www.bis.org/about/meetings.htm?m=2606) + +You would think the average person would have heard about the BIS... they haven't. + +&#x200B; + +Here's a little fun tidbit of [information](https://www.bis.org/about/archive.htm?m=2005) from the ol' trustworthy BIS archives; + +>Under the BIS open archive rules, **all records relating to the Bank's business and operational activities which are over 30 years old are available for consultation**, with the exception of a limited number of records that remain private or confidential even after 30 years have elapsed. + +"*You can look at our stuff, but only after 30 years, and even then, only if we let you."* + +Wow. Really embodying your vision, guys. Nice work. + +&#x200B; + +I don't want to suggest the BIS is comprised of people wearing robes, chanting around a fire and sacrificing livestock to the gods. They're just people. But those people are usually extremely wealthy sociopaths and hold *a lot* of power to influence global currencies, and by proxy, their governments and geopolitics. It's basically a big United Nations of shitty bankers, so logically speaking the probability that they all conspire together in the interest of maximizing profits is high. But again, that's just my opnion. + +https://preview.redd.it/9w3yt78rjz2a1.png?width=438&format=png&auto=webp&s=33b96dfb62be76cd03f8642afaffaad4df909222 + +So, as of March 2022, the BIS apparently only has about $348 billion of assets. So why are they important? + +The FED is to USD what the BIS is to *money.* **All money**. Every major currency, everywhere. + +&#x200B; + +>According to a [2019 report](https://www.imf.org/-/media/Files/Publications/WEO/2022/April/English/text.ashx) from the international monetary fund (IMF), there was an estimated **$5.2 trillion worth of physical currency in circulation worldwide**, which is only about **0.8%** of the total money supply....It’s important to remember that this is just an estimate, as the true figure is likely much higher. After all, according to the same report, there was an estimated $80 trillion worth of financial assets in circulation... + +&#x200B; + +You know how about a dozen or so (mostly) US banks ~~own~~ "*work with"* the FED? Well, in the same way, all the world's Central Banks ~~own~~ "*work with*" the BIS. + +Fuck the balance sheet assets, the [control](https://www.youtube.com/watch?v=xm3YgoEiEDc&ab_channel=10Hours) is priceless. + +&#x200B; + +I believe we need to add one more rung to the ladder; + +hedge funds < banks < prime brokers < DTC < FED **< BIS** + +# Y final boss? How relate GME? + +Because crypto. + +That's it. + +Really. + +Firstly, let's remember what crypto is from a high level - it's a separation of money and state. It's both a currency and an asset that can't be controlled by one person or group. Real crypto, at its core, is decentralized. The *moment* commerce begins to accept crypto *en masse* as a **currency**, not *just* an **asset**, is the *moment* that legacy finance begins its inevitable and rapid death. + +Crypto doesn't just threaten US markets. Or the USD. Or any specific currency. Or any specific government. Or a select few elite that could be sacrificed if necessary. It affects the **entire. fucking. modern. monetary. system.** + +The financial fearlessness politicians and bankers have historically had is a warm blanket in the winter about to be ripped off. The BIS is the bank of banks for the whole world, and as such, they have the most to lose. + +Secondly, do any of you know of a company that's perfectly positioned to capitalize on the projected \~$500 billion gaming industry in the next couple of years while **also** being situated at the forefront of the transition from fiat to crypto? A company that literally gets horny by satisfying its customers? With a competent management team and a clear vision? A ruthless pursuit of growth and development while perfectly embodying the true core values of secure, trustless and permissionless transactions? + +Because I do. +Apologies for formatting, and the lack of a link to OG post. I'm on mobile. But you can easily get to it from my profile! + +Hi there. A few people asked for an update, so here it is. + +My manager invited me for an informal interview last week. He told me that It sounded like the higher ups were going to offer me 22K with travel benefits. After him outlining the job role etc. I negotiated to 24K with no travel. It was a mutually beneficial conclusion as my travel would of been over 4K for the year. We ended the meeting with him saying he would bring my proposal to the management meeting and see what they came back with. + +Today I got a call with him. Apparently his boss couldn't see a reason to offer me anything over 20K. My boss explained to him about me having to uproot my life for the role, as well as me being their only real option. Obviously I wouldn't of accepted the 20K but in the end they retracted their offer for even the 20K. My boss said he didn't want to insult me. He also told me they've "forced the hand" of one of the employees on the Isle of Wight. + +I'm not too sure what to think of all of this. Last I spoke to him this was their last option. So either the Isle of Wight employees came around (which I doubt) they really did force them to do the role (I also doubt) Or offered them a good sized wage increase. (more likely). + +So for now I'm going to stay in my current role. My boss said he could see me in a different role, so is going to let me know first when a new one comes up. But we shall see. + +Thanks for all the help in the original post, and for reading! +As said, I would like to ignite a discussion about the actual effects of DRS our beloved stonk at Computershare. It has not been broadly discussed, and I am getting the feeling that some apes are feeling like we are loosing a battle..yet I would strongly argue it is quite the oposite. + +THE SHORT TERM EFFECT OF DRS AT COMPUTERSHARE: + +Actively DRSing our shares will not have a positive effect on a short term, quite the opposite. + + It may have an instant positive effect on the price where brokers have to actually find real share certificates and send them out of DTC, where "find" in most cases would mean once their pool of actual GME certificates (if there were any to begin with) is empty, they would need to buy them in the market, where again it is probably routed through dark pools and it has no real effect on price, perhaps IEX buy order would do something but thats another topic. + +Back to SHORT TERM EFFECT, so DRSing will not have the positive effect on stonk price, yet it will remove liquidity, which at first will present the SHFs with more room to manipulate the price, increasing volatility, new lower lows.. + +Which are great buying opportunity for us. + +Once (we are about here IMO) the actual free float is 50% or more locked, the things start to get really volatile, meaning we will start seeing violent swings, mainly to the upside, due to options, covering, news regarding NFTs, Fomo, etc.. + +With every share removed to Computershare, we are in SHORT TERM increasing volatility, and + +ONLY IN LONG TERM, which can happen in the following weeks/months, there will be an event, the so called MOASS, which will be ignited by something like in the VW 2008 SHORT SQUEEZE, where options play by Porsche was the ignition. + +What happened before the LONG TERM EFFECT, was the increased volatility and new lower lows, and that is where we are now, actually. The lower we go, the closer we are, THAT IS THE REAL SIGN, DRS IS WORKING. LOWER THE PRICE, the higher is the number of DRSed shares = the lower liquidity. + +If we were floating in 200-300$..We would not be that close. + +The real sign is the dip, zoom out and you will see it. + +In the end it will all make sense. It already happened once where not many were prepared. VW stopped the squeeze. We are here to change the system. + +We will not let go, until there is nothing left for them to take. + +Be greedy when others are fearful. + +LFG +New to this and trying to learn by doing - got halfway through a few tutorials before I realized that the exchange I was working with was not available in US anymore. + +&#x200B; + +EDIT: For those that were also interested - I am going to use BlockChainEng's Binance tutorial and substitute for the Kraken API. Feel free to tag along - maybe we can help eachother out. +Before anyone comments “Bayesian inference is too computationally expensive” hear me out. I do think there are lots of opportunities to leverage Bayesian hierarchical models in algorithmic trading. Being able to update inferences based on real time data could help infer a variety of variables in algotrading which may be conditionally independent on other variables. Sure, I could draw out a DAG and write some Stan code to estimate this. But in a fully automated trading system, idk how this could be done. Say you want to incorporate other asset classes, say how returns in one market move in another, model it as conditionally independent, set some vague priors, and move forward. + +For one, I’m trying to understand how one would actually build a strategy around this. Say your hierarchical model results have posterior distributions for volatility, returns, maybe sentiment scores if your using news, maybe also other assets. + +Has anyone here leveraged Bayesian inference? If so how has it helped your performance thus far? As a person with a statistics background I find Bayesian inference extremely invincible, but wonder how much it has helped for you guys. +I was holding off posting specifics here. But I realize now my algorithm is nothing profound so I might as well ask a few questions. I stole inspiration from scalping strategies. Less from the bid ask discrepancy and more so the small profits over volume. Anyway I basically scan for stocks moving sideways. I find the most active stocks and make limit buy orders under a certain quantity. Then sell whatever orders are filled. + +Positioning matters quite a bit. In short I can buy/sell apple stock but the price is completely unpredictable. While less active stocks are easier to predict but hard to sell off. I find small success taking a mean regressive approach. Which functionally means buying something that's oversold in the short run. But I'm wondering if trend following would be better. + +How are you guys catching price reversals? + +What are you guys using to measure momentum in minute time frames? + +Has anybody on here who does not work for a quant firm found success with high frequency? +I will preface with obviously this is not an option for everyone, and great thought needs to be taken first. + +I've read a lot of posts about people worrying about paying their mortgages after their fix term ends. This is most likely not for them. + +Why isn't interest only mortgage thought of as a short term solution to the current situation? It could help ride out the next 2 years, and by then, circumstances could change. For example, pay increases, getting new jobs, kids getting in out of nursery and into free school, etc. + +I'm in a position where I'm in a good job with great prospects, so I am fully aware I might be looking at this wrong. +The amount of free food you get is staggering. I get a free lunch every day and take left overs home for dinner. I usually get so much at night I can have leftovers for breakfast. It's all good stuff and already prepared. I swear like 80% of my meals are free. I spent maybe 40 bucks on groceries last month. Just milk and some produce. +I watched this sub grow out of the original betting sub and I've been in this since the sneeze. + +I've seen "meme stocks" and coins of all kinds get shilled and I've watched people YOLO crazy amounts into those and post gains and losses. + +The thing that all those stocks had in common were that they quickly faded away and people lost interest. That's because one day on the internet is equivalent to one year in real life. That's why you see stories get talked about fervently for a short time and then....nothing. + +But we're still here. We're not just still here actually, we've gotten MORE obsessed with the stock! + +DRS is strong and morale is high even after all this time, even after they drove the price down to gutter levels, even after they've kept it relatively flat for months and months. + +I'm too smoothbrained for math but in internet time we've been here for like...a gorillion years! + +And none of us are leaving. + +DRS every single share. + +BUY, HODL, DRS, + +(not financial advice I am an individual investor) +Ok so, first things first you assholes, I am not a bot. I have been in the fucking game for about seven years now. + +I don’t typically do posts like this and so this is fucking new to me. Anyways, it seems like a shit ton of you are falling out of favor with NOK. I don’t know what the fuck is wrong with you if you expected to gain a shit ton of money in a day, but what the fuck I have never seen such 🧻🤲🏻 in my fucking life for the past two days. + +Are you guys really just going to stand there and let the enemy beat the fuck out of us. + +And of course some of you are going to mention the total float as if that fucking matters because the stock is still cheap as fuck (for now lol 🚀) and because we managed to trade one fucking fifth of all the NOK stocks in circulation. They literally had to stop our asses from buying a couple of times. Just like you autistic retards I have lost thousands of dollars in this shit. My paychecks, birthday money, dividends, money from the sale of blue chips and Ark ETFs, etc. + +So where’s the upside? Well let me fucking tell you where the upside is and when you can expect to pull off the biggest fucking heist alongside GME and AMC Wall Street will have ever seen. 🔥🚀💸 + +NOK is well known to be the bigger beast when it comes to the BANG stocks (BB, AMC, NOK, GME). It has a fuck load of shares to go around and there’s a lot of paperhanded pussies out there, so I understand why it may be daunting to expect a Juggernaut like NOK to moon anytime soon. + +But it doesn’t have to be. + +NOK releases its earnings on Thursday and its expected to blow the competition out of the fucking water. I wouldn’t even be surprised at all if it were to get a higher price than ERIC in two weeks (hell, possibly by EOW). NOK even plans to merge with top tier companies in the near future due to their prowess in the 5G tech that they’re developing. The 🏳️‍🌈🐻 have had their big meaty claws ever since its ATH of $62 all those years ago. Do you really expect a change if you don’t fucking BUY and fucking HOLD. No, with a team of fucking retarded superstars in this sub, NOK is prepping for a fierce comeback in the upcoming weeks. GME is top dog right now, but let’s be honest. GME hype can’t last forever (even tho it can for a long time as long as we remain retarded). However being on team NOK makes me feel like I’m on a loosing, shitty ass baseball team and no one is hitting over .100 + +What’s the plan, Stan? + +The fucking plan is that you don’t buy market price. You look at the ask price and you fucking buy it. This is how we destroy walls. The $5 barrier battle today was hard fought and we fucking lost to the hedge funds. This next week is going to be fucking spectacular 🪄🚀🤲🏻💎 and I need to know if my fucking NOKle heads are even in it to win it or just downright frauds. + +You say NOK was a plan by the bots? Take a look at fucking BlackBerry. That shit took the same swerves NOK did that it’s pretty much identical. If NOK is a sham, then the idea of the BANG stocks is a sham. + +I know for a fucking fact you don’t believe that. I know that there’s dreamers in this sub. I dream just like you. I am trying to build a life just like you guys are. We are in something way bigger than ourselves so if you can for ONCE IN YOUR LIFE consider that maybe that the process is a trustable process then maybe we can win this shit. + +If NOK hits $50, I will literally buy new fucking silverware (like expensive handmade shit with sterling silver cutlery) and eat my own shit. I don’t give a fuck whether you’d want to see it or not, because honestly boys I’d eat my shit to go to the moon and I am 200% willing to take one for the team. + +This year, BANG is for real. + +So hedgefunds, keep your ears out for the NOK NOK sounds on the door. We’re pissed and we’re armed to the teeth. + +EDIT: General cheese reporting. Post this shit everywhere. I dont give a fuck. I WILL be producing a flank strategy tomorrow. People have to know goddamn it. Monday/Tuesday will close at $7 just give it time + +The bell doesn’t fucking ring until WSB says it fucking rings. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🥵🥵 + +EDIT 2: some of you pussies are asking where you can buy NOK. The easiest way to buy it is with that fucking app all the whores on Tinder beg for food money on: Cashapp. There are literally no fucking limits and if you want an extra 2 fucking shares then use this shit when you sign the fuck up and get $10 extra buckaroos: BKXDNGQ. I also want to make it clear that everyone should share their cash apps so that we can get that $10 extra to put into NOK. I’m only doing this for the small wagecucks so if you have the money to do so, then don’t bother. This is just the only thing on the top of my head that would help out in any way + +List of reasons to buy: + +1. Most essential 5G patents in the world +2. Fastest 5G speeds recorded +3. Controls over 27% of the 4/5G market +4. First company contracted to set up internet on the moon (NASA) +5. Will receive MULTI-BILLION dollar settlements from ongoing litigations with Mercedes Benz and Lenovo +6. Technology provider and main collaborator of the National Security Center of Excellence 5G Cybersecurity Project (Federal 5G project) +7. Selected to be the main collaborator of the Hexa 6G European Union Project +8. Has pending Department of Defense contracts yet to awarded +9. Just sealed a contract with TMOBILE for US 5G roll out. +10. Has and will take market share from Huawei, already has secured multi-year deals with important Chinese companies +11. Blackrock increased their position to 333,000,000 shares during 2020, an increase of 21 million shares held from the year before (7% increase) +12. May also be getting back into the phone business as they are manufacturing phones in India +13. Vanguard Capital owns 160,000,000 shares and is continuously buying +14. Google Cloud announced a partnership with $NOK to Accelerate Cloud-Native 5G Readiness for Communications Providers +I am seeing a worrying number of posts here now downplaying the role of a catalyst and urging us all to just let the company grow. I am absolutely not down with this. As far as I am concerned the "Wait for the company to grow and mature IS PLAN B IF MOASS FAILS. + +How anybody can think that is a strategy for triggering MOASS is completely beyond me. Things are getting a bit too "Bait and switchy" in here these days and I am beginning to wonder if it is deliberate FUD + +I won't link to any posts but here is a quote from one of them + +&#x200B; + +>**Everybody talks about the catalysts needed to take us over the top. The simplest one is the same here as with all other plays. The real world improving outlook and earnings of the company create too much interest and buy pressure and they wash over whatever short interest exists like a tidal wave.** + +I will say it before and I will say it again. That is plan B. My goal as an investor is to push for a catalyst. Also what this quote doesn't mention is the tidal wave of FUD and lies from the mainstream media which will undoubtedly accompany Gamestop's impressive growth. + +So it's time to choose. + +Are we SUPERSTONK + +or + +Are we LetswaitforthecompanytogrowandgetafewgoodprofitquartersandseewhathappensStonk +It's hard to believe, but due to a strong professional year last year (big commission payout), as well as continued growth in the stock market, I'm now just a few months away from very stable FI. (Target 2.285M \* 3.5% = 80k per year.) I'm almost 43. + +So what does that mean for me and my family? Honestly, nothing in the short term. But as I've been mulling over it for the last few months, I've come up with a few items: + +1. The company I work for isn't doing well. My year (heavily commissioned) is looking terrible, but I'm not too worried about it. If they lay me off, I'll probably get severance. Otherwise, I'll probably just ride it for a year and see what happens. I'm not actively applying anywhere else. +2. My manager just resigned. I could apply for his job, but honestly, I don't want it. Not even for a nice raise. His job is way more stressful than mine. +3. I'll continue to take money off the table and maintain a very conservative portfolio. I have the portfolio of a 60 year old -- because I figure once you've won, why keep playing. +4. If I stay employed for another 1-2 years, and if the stock marketing doesn't implode, I'll be beyond my goals -- and this is extra padding/security. + +So I don't know what the point of this post is. It's not something I can talk about with many people. I really don't have any intention of "retiring," but being this close to FI does bring security. On the other hand, it also brings self-questioning around "what am I doing with my life?" and "How can I do something that matters?" + +Any constructive insights? +Not to belittle countries that aren’t developed, but most people would consider countries like El Salvador not very technologically advanced. + +The fact that countries like El Salvador are adopting crypto is amazing, and it shows the benefits when younger people are in power, as opposed to the vast majority of our government officials who are tech illiterate. + +Unfortunately many of them have become complacent, and think that our financial systems are perfect. + +**I tip my hat to you, El Salvador.** +Edit: thank you for the overwhelming response! I have decided to get the car checked out and if nec., put some money into keeping it running for awhile. I appreciate all the advice! + + + +I have a 2012 Jeep Liberty that has over 190,000 miles on it and I don’t know how much longer its going to last. I start a new job next month where I will be driving 20 miles each way, 4-5 days/week. I currently still owe about $4,000 on it and it is probably worth less than $1,000. I also need to use it to drive my kids to school, sports practice, etc, which where the safety piece factors in. Any advice? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Apologies if this isn’t the right forum to ask this question. Let me know if it is and I’ll remove it. + +Basically what’s read in the title, I’m a younger worker with about 5 years experience in my field. The potential of redundancy is looking more and more likely in my current role - and with the job market being what it is I’m concerned. + +Would like to know how best to tackle a redundancy when it happens, any words of wisdom or just general advice. + +Thanks guys +Good Morning Apes! + +Another day has arrived despite Burry say sensational shit he was unable to make his short positions print last night with the Shenzhen only .65% and SSE closing up .21% we may not see to much instability today. However tonight will be more telling with the Hang Seng being open simultaneously. I think we'll continue to see a choppy and unreliable market this week especially if nothing good comes out of today's FED meeting. If the market does stabilize a bit today is t+3 from the futures expiry and historically shows a little upward movement for GME. We'll see how that plays out vs. overall market trends. + +For a better idea of my current [working thesis check out this video.](https://youtu.be/F68fQLHn0Zo) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect when this all goes down + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +Several spike between 190-192 basically all throughout the day GME is behaving in a very volatile manner even if that's occurring in a narrow price range. JPOW basically came out and said everything is fine and the FED is proceeding forward as expected...However I will be watching HS tonight to see if the Chinese markets have a different take on that. Either way closing green for the day is a nice positive given how much the market bounced around and the fact we only traded 2m volume. Thank you all, see you tomorrow. + +https://preview.redd.it/cqeeeket24p71.png?width=708&format=png&auto=webp&s=4e60a4d15ace96df47c72f11c3c4c3c757706218 + +Edit 7 2:57 + +4th bounce on 190 today + +https://preview.redd.it/6cio3q2mq3p71.png?width=1590&format=png&auto=webp&s=80115201dfc4452cca4db129c5f6b820e76c8de2 + +Edit 6 2:51 + +Nice climb into the fed speech but it looks like the market wasn't too fond of the actual vs. expected graphs that CharPow's intern used coming down. + +https://preview.redd.it/91d6xjknp3p71.png?width=1598&format=png&auto=webp&s=169ebead4450d9df327ae6a14cc458b0d25e4dfc + +Edit 5 12:59 + +Nice bounce off 190 still no volume coming in but only 10 minutes from 12:69 a cross above VWAP would be nice stability going into the fed meeting. + +https://preview.redd.it/69adik5l53p71.png?width=1590&format=png&auto=webp&s=41b1836e59b93500c43fa2339e77c84469c9b566 + +Edit 4 12:20 + +Multiple fails of the upper resistance at 193 now a drop back to 190 fed meeting coming up could have an effect on the markets wild ride today so if it drops I could see us going down again. + +https://preview.redd.it/gieu7stvy2p71.png?width=1595&format=png&auto=webp&s=7d4c471eca22f7b0b3980a7baa3a4f189a76f1ad + +Edit 3 11:00 + +Bounced off 190 and broke to the upside of this little bull pennant it looks like we might be losing some steam but the sell pressure is miniscule. We are up $6 from our low today on 800k volume. + +https://preview.redd.it/xvs5emsbk2p71.png?width=1570&format=png&auto=webp&s=3f9ebb501cbba74a926cc92b8e8b21f8d40dc231 + +Edit 2 10:15 + +GME looking good on low volume nice break right through 190 + +https://preview.redd.it/3cfm68t8c2p71.png?width=1593&format=png&auto=webp&s=d161593752a412d942517d20bad95ca5c8783236 + +Edit 1 9:48 + +GameStop bouncing after the morning short moving up now with some other stocks like EXPR and SOFI. 200k volume. + +https://preview.redd.it/cwzwn2wk72p71.png?width=1584&format=png&auto=webp&s=6ccc2a31a52057e2334e4353fac5b209b198000c + +# Pre-Market Analysis + +Starting pre-market off on 7k volume looks like another pretty slow day tbh. Oh, and somehow 500k shares were returned to Fidelity leaving borrowable at 875k (Fidelity) and 35k(IBKR), it constantly amazes me how this is done with 0 effect on the price. GME is up a tiny bit in pre-market just barely clinging to that long-term trendline around 191. + +[pre-market GME 1m](https://preview.redd.it/wgkn2lztx1p71.png?width=1595&format=png&auto=webp&s=e45d80e3fb4ed4e2ca835176fab1d0f6f8fa9fb9) + +The S&P looking good in the AM again but it could easily come down like it did yesterday and drag us with it on low volume. + +https://preview.redd.it/35rnh5g6y1p71.png?width=1590&format=png&auto=webp&s=fe70124a307f03556e63659fa0ae05d8f0f7ba36 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Curious to hear what people think will follow as a result of ScoMo releasing the findings after the close of markets on Monday. How will the markets react? How will the opposition take advantage of it? Will the banks take a pounding? +Saving money is the easiest part, it's making money that's fucking difficult. Poverty seems like a curse and I can't get out of it. It's a good thing I'm healthy because if I was i wouldn't be able to afford treatment for anything. My job gives me medical insurance but not dental so I'm lucky in that way. But poverty seems impossible to get out of. I'm black, female, I live below the poverty line and I was wondering what's the best way to get out of poverty without having to sell my vagina? +In November only, you can buy prepaid haircuts at Great Clips for $10 each instead of the normal $15! You can buy as many as you want, and they give you a little card to put in your wallet, which never expires. + +This does not include the tip, though, so you'll want to bring along a few dollars for the tip each time you go. But still, $5 cheaper is $5 saved! + +(Great Clips is a hair-cutting chain in the US.) + +Edit: I'm a woman so the "buy clippers and shave my head myself" thing is not going to happen. +I am currently 33 years old and have about $72,000 in a traditional 401k. I am making about $80,000 a year. I contribute 15% and my company matches 9%. I was wondering if I should switch it to a roth 401k. I know it would be nice to not have to pay the taxes later, but between my wife and I we make a little over $150,000 a year. I can't help but feel when we retire we will likely live on less than $150,000 so I feel like the taxes will be less when I retire. Many people are telling me to go roth, what do you think? +Best high interest savings/checking accounts? + +I'm considering moving my emergency fund, as well as a few specific savings accounts (for particular house projects) to high interest accounts vs. Our normal bank account. I have a couple of questions: + +1) what are the most legitimate online banks for high interest accounts? +2) if high interest savings and checking accounts are both offered, does it matter which I open? +3) is there anything else I should know about these accounts? I'm hesitant to open new accounts to keep track of, but earning 1.5-2% interest on my emergency fund seems too good not to do. + +Any help is greatly appreciated! +Disclaimer: I have Aspergers and G.A.D. I’m struggling with independence and I’m being taught on the subject. + +I’ve been struggling with money. I have 169 dollars as my essential checking bank account, it used to have much more than that. Mostly in the thousands. Most of my money is spent on groceries, streaming services, restaurants, and some other things I’m forgetting. So a lot of it is going away. + +I'm trying to figure out a way to get more money. But how? + +I don’t want to spend so much of my money that I have very few to spend. + +I have been googling ways to get more money. Some of the methods I wouldn’t personally do. Like being a tutor, dog sitting, creating courses, etc. One idea is to blog or publish ebooks. Which as a creative type I can understand. However based on the tutorials I looked up on the subject, it’s much harder to get money by blogging or by publishing ebooks. + +How do I gain more money? Not just by working at a job, but by doing something to get more money easier. The question is, what? + +So I’m really stumped on what to do. This is hard for me because I want to buy things online but I might lose a lot of my money. I enjoy watching, reading, and playing media and that’s what I want to spend my money on. + +So how do I get money faster? How do I get more money? + +Edit: forgot to mention I already have a job that pays me. +I recently had a relative pass away, and to the surprise of everyone in our family, she saved a pretty extraordinary amount of money for the career that she had, meaning that I will be receiving a good chunk of it… around $30,000. + +I just turned 18 this year, so I don’t have any debt. I don’t have to pay any bills, my parents let me live rent free as long as I’m working or going to school. I am planning on going to college, but my parent works for the university I plan to go to, meaning that I don’t have to worry about debt or using the money to pay for school. (I also have a college account with about $15k saved, and recently got a full time job that pays about $25k/year. I plan to start saving some of that as well in case anything happens to my parent’s job.) + +I know that I’m in an incredibly fortunate position right now. I have all of this money, and nothing to pay off. So the question becomes, how do I make the most of this? I’m completely okay with setting the money aside/not spending any of it now, if it means it’ll grow into a decent amount of money by the time I need it to buy a home or pay for…. life stuff. Should I start a second bank account with a high interest rate? Would it be smarter to invest the money? My uncle wants to set up a family trust, but he isn’t the best at keeping track of things and I’m not 100% on how I feel about pooling our money. +I’m a 27 year old single male. I have zero debt across the board with a paid off 2013 Corolla with 115k on it. I currently make about 2k a month with working both doordash and McDonald’s part time. I live in a quiet 1 bedroom apartment paying 685 in rent (including utilities). I currently have 5k in savings that I don’t touch with no retirement plan currently. + +Do you guys think I’m going about my life financially responsible? Will living this way catch up to me when I’m older? After working many different types of jobs I’m at a place now where I want to just settle for something easy that doesn’t follow me home. Being a crew member at Mcds and the independence of delivering with doordash allows me to do just that while also giving me a lot of time on the side to focus on my hobby as a songwriter/musician. + +Any guidance or advice would be great, basically I’m just wanting to know if this way of life is sustainable in the long run. +I am currently 33 years old and have about $72,000 in a traditional 401k. I am making about $80,000 a year. I contribute 15% and my company matches 9%. I was wondering if I should switch it to a roth 401k. I know it would be nice to not have to pay the taxes later, but between my wife and I we make a little over $150,000 a year. I can't help but feel when we retire we will likely live on less than $150,000 so I feel like the taxes will be less when I retire. Many people are telling me to go roth, what do you think? +So I’m fed up with trying to find a good stock screener/scanner that meets the criteria’s that I need. Being an options trader I could care less about any other metric out there set aside from Implied Volatility , IV Percentile, and typical options chain metrics . Put / Call volume etc.. maybe a moving average or 2 but nothing extremely technical . That being said I’ve decided to just create my own screener . For those that have done this before or who are familiar with the process. Any advice on where to start ? Obviously I’ll have to learn a language and know the formulas for the different metrics I want to implicate , but what else is there involved ? Any advice would be greatly appreciated ! +Just looking to verify my thinking. Is it a common approach to first develop and backtest an algorithm within a framework like Backtrader or Quantopian before then needing to reshape the algorithm to fit a specific brokerage API? + +This seems like it could become tedious (and possibly even defeat the purpose of testing if you aren't careful) when restructuring your algorithm to no longer make use of the testing framework's functions. I could be wrong, but I am just someone who always likes to thoroughly test my code before putting it in any live setting. + +Is the solution to develop your own backtester with a premium data feed and have it incorporate the API you are intending to use? + +TL;DR: How do you go about porting your algorithm from a backtest to live-trading? +Long story short there's OpenSea Collection named "Ghozaly Everyday" + +[https://opensea.io/collection/ghozali-everyday](https://opensea.io/collection/ghozali-everyday) + +Which contains photo of literally him sitting behind the computer from 18 to 22 years old ( 2017 - 2021 ). + +Surprisingly there's a lot of demand and buyers which generate a lots of trading volume up to 29.2ETH !! + +[Ghozali Everyday](https://preview.redd.it/l3gqo20xz9b81.png?width=846&format=png&auto=webp&s=b1001379d67c6ed19267bb4cdb57bb49b44878a2) + +Its Insane something so simple could generate a lots of money, also if you look his twitter there's a lot of story or lore behind the photos l + +[Lore](https://preview.redd.it/hvz9hc4zz9b81.png?width=609&format=png&auto=webp&s=5d4753a282d982129e2e697b1458c125cf36ac2c) + +&#x200B; + +Edit : 40.8 ETH volume traded now, and floor keeps rising ! + +i dunno people too dumb or too smart for this space. + +&#x200B; + +Edit 2 : Holy shit this things blew up made Polygon Network down lmao + +[Polygon Down](https://preview.redd.it/vvnkmq020ab81.png?width=1488&format=png&auto=webp&s=ef1f9443672a36a2617eecf1ceff9dce1819548a) + +&#x200B; + +Edit 3 : This things really blew up rofl mainstream media already reporting here and there, and by the looks of it Ghozali himself will be invited to Corbuzier podcast (Discount Joe Rogan Podcast in Indonesia, really popular in here). + +&#x200B; + +Edit 4 : Timeline of his photos + +[https://www.youtube.com/watch?v=AGq4gPphgJw](https://www.youtube.com/watch?v=AGq4gPphgJw) +So I made the mistake of opening many lines of credit while in my 20s. For years I struggled to pay off the debt... buying things I didn't need, being stupid with purchases and using credit cards for, basically, a payday loan. I have spent an unfathomable amount of money on paying minimums. It's not the first time I've had problems with credit cards, but I NEED it to be the last time. + +Right now I'm in a good situation. I make very good money (not "fuck you money") but enough that I was able to pay off my cards and pocket a bit into savings. I keep my minimum monthly expenses low by cutting out the unnecessary expenses. I eat out once a week, bring lunches to work, cut out the cable bill and unnecessary subscriptions. I have a $217 car note and a manageable $1200 mortgage, both current, so I don't plan on any major purchases in the near future. I have student loans that are manageable but have a long way to go before they are paid off. They've been open and currenr for 10 years. + +My question for you all is: can I close these credit card accounts? Should I keep one open just to show i have the credit available? I know its going to lower my available credit and length of account history, but is it worth the hit? + +I'm waiting for one more month of statements so I can make sure I do not have any residual interest coming and can assure I have a $0 balance for at least 2 months of statements before I close anything. I know FICO looks at utilization rate... how can I keep that from being 0%? I obviously do not have the discipline to just put one or two things on a credit card. Is autopaying an electric bill and autopaying the card every month a good option here? Also, I don't want to have to keep such a fine eye on all these lines of credit with the experian hack. Will future lenders look at me as disciplined enough to close these accounts or will they see it as a liability? + +Hoping for a little guidance here. Thanks everybody! +**Lately I'm seeing so many people whining and complaining in this subreddit, and I think it's getting tiring!** + +Personally I think this subreddit is absolutely brilliant, and the mods are doing an outstanding job! 👏👏👏 + +**Show me a better place to find new or undervalued great projects that truly has the chance to go 100x?** + +Sure there is the biz section of 4chan but it's not nearly as good as r/CryptoMoonShots it's not even comparable. + +Of course, you can spend hours and days just scrolling through Coingecko or Coinmarketcap and try to find gems there, but each coin takes at least 10 minutes just to determine if you have **any** interest in it at all, and it's mostly just random or you're often late to the party if you're looking at the gainers. + +***Here we often have real analysis and explanations about coins, saving hours and hours of research. You can screen out projects that don't suit your criteria almost immediately.*** (Maybe some more filtering options using flairs on the TYPE of coin you're interested in could make it even better?) + +This subreddit is the best and only place that I know of where we can freely discuss and learn about shitcoins and great opportunities without being shut down. Sure there are Telegram groups, but this place is **far** less noisy and there are many more scammers on Telegram than here.🤷‍♂️ + +**Crypto is extremely high risk, (it always has been), and everyone needs to understand that.** + +**NEVER EVER INVEST MORE IN CRYPTO THAN YOU'RE WILLING TO LOSE** + +People also need to learn to to their own research. This subreddit is just a starting place to learn about new projects, and then from there you make a list and look at the ones you liked. + +**But there are many great tokens and coins, many that will be 100x or even 1000x in 3 to 5 years from now that are being discussed here, and I love this subreddit!** 🙂 + +We are only at the very beginning of crypto adoption, and it's a wild ride, but it's also where fortunes are made, and **not just in fiat (which will eventually go to zero), but also in crypto itself.** + +***For a few years now, (since the last crypto winter started, when I was determined not to sell), I've accepted that my wealth is calculated in crypto rather than fiat. I mainly count how many quality coins I have (that I believe in), not in how many dollars I have that become worth less and less every year.*** + +Will many of them eventually die and become worthless? + +Sure, some already have. + +But most projects are growing and improving every year and crypto is still in the very early phases. + +**For anyone like me, who's investing for the long-term I would also suggest to always keep a portion of your portfolio (at least 10% but preferably a bit more) in gold and silver. Silver being my personal preference...** + +Crypto is the new store of value, and precious metals is not very popular in crypto circles, but it has proven itself over thousands of years and it's a good back-up plan for when SHTF. + +**There are so many bitter posts here lately, and I personally think they're getting tiring.** 😕 + +Sure, we need to warn newbies of scams, but it is equally important to each newbies how to do their own research. *"Teach a man how to fish and all that..."* + +**But to blame this entire subreddit for their own mistakes, like so many posts now seems to do, I think it's ridiculous to be honest.** 🤷‍♂️ + +The things is, we have **ALL** made loads mistakes when investing in crypto, both in terms of *what to buy or not*, but also in terms of *when to sell.* + +**My personal story:** + +I bought my first Bitcoins when they cost around $2 back in the day. Yeah I was early...too early in fact. + +***I bought several hundred of them, and I sold almost all of them not long after for around $25. They continued up to about $30 or so before they crashed back down to around $3. And I thought I was the smartest guy in the world!*** 🙄😂 + +Anyway, I then did the same mistake when I bought back in again after the first time they crossed $100 and this time I was determined to hold them! + +**Did I hold?** + +***Hell no!*** + +When Bitcoin crossed $1000 for the first time ever the temptation got too strong, and I again sold almost all of them, (I didn't have nearly as many this time! 🙄). + +**Once again Bitcoin crashed, this time down to around $200...** + +***What did I do? Did I go out and buy some back?*** + +No. As the idiot I was/am I was bragging to anyone who'd listen how smart I was for *"selling the top".* 🙄🤣 + +Anyway, this isn't about timing Bitcoin, I also bought my first Ethereum for less than $10, and I sold those too, even though I believed in them so much! 🙄😂 + +**Likewise I've also bought so many shitcoins over the years that have gone on to become worthless that I can't even count them!** + +I think my first one was something called ***"Mastercoin"*** and I don't even remember what happened to it! Maybe I still own some of that somewhere?😂 + +I've also lost loads of crypto from being disorganized (and a failed computer), and not properly understanding how things work. + +I've also had quite a lot of Bitcoin stolen on an exchange. + +The point being; + +***WE ALL LEARN ALONG THE WAY FROM OUR MISTAKES, SOME OF WHICH ARE INEVITABLE WHEN DEALING WITH SOMETHING NEW!*** + +A couple of the coins I found here that have done really well for me and I still hold are Rubic ($RBC) and Kangal ($Kangal) and OVR ($OVR) but I'm sure there are some more that I'm forgetting right now...all have gone 10x or more for me since I first read about them here. + +This subreddit is a fantastic place, and in my opinion we all need to cherish it rather than whine about it. + +We need to keep the community spirit here, and try to educate each other. On scams yes, but not **only** on scams. We also need to share the projects we believe in and have invested in, because sharing knowledge is how we all win! + +**Anyway, rant over! I don't expect many to have wanted to read all that, but I just get tired of seeing so many people complaining about the best crypto subreddit on Reddit!** +🍬 $Bubblegum (OG Doxxed Dev) video roadmap + 🍬 Fresh new branding + 🍬Twitch AMA coming later today! Get in now before the next big wave 🌊 🌊 + +Just four days into the launch of our new token Bubblegum, and we're happy to announce our official roadmap --- along with a video explanation from our Doxxed Dev / Founder James Wolf. + +🍬 LIVE video AMA coming later today on Twitch + +🍬 Sustainable Token Model + +🍬 Fresh new branding and website design! + +🍬 Super low MC and the token is primed to POP + +🍬 Ran like a startup + +🍬 Twitter contest winner about to earn 50 million Bubblegum tokens! + +Join us on Telegram !!!! + +**$Bubblegum Quick Links:** + +Telegram: @ bubblegum\_bsc + +Contract: 0x58bfc98f3974aef4fed9a0168b97cccd3512cb4a + +**A quick explanation about the top wallet and tokenomics from dev:** +We call it the “Sustainable Token Model”. That top wallet is a dev wallet — we keep that as an internal pool. Then we use the yields that are generated from it to pay for operations, dev costs, marketing campaigns, etc to fuel the growth of the token and our near future platform launch (also under the Bubblegum brand) + +Holders are awarded and we keep a pool as internal investment which produces yield — that yield is batched periodically so we can fund our growth strategies +Mulling over starting a private foundation at some point. We have mid-7 figures in a donor advised fund / DAF currently, and are continuing to donate each year. So, why not a private foundation instead? + +Could use some data points please: + +—-Curious as to who here has started a private foundation, and what your reasoning for starting it was? + +—-Approximate age and net worth at the time? + +—-And how much did you initially fund it with and what do your annual expenses look like? + +—-Employing any family members in it? + +Feel free to answer any or all. Your story would be appreciated! +Background: + +* 32F, married, no kids, living in MCOL state. +* $4.1M in cash. +* $0.3M in retirement accounts and 529 plans. +* $0.25M in stock exposure across brokerages. +* $0.4M more cash after tax and monthly expenses by end of year from our cash comp. +* A few investments in Series B-E startups that might never become liquid. +* No home. +* Unused $2.46M liquidity access line with SOFR+2.4% rate from a PWM group we use. +* Possible $20M secured credit line. Main banking relationship has visibility into our company's assets and offered it if we collateralized a portion of our equity. + +We have an imbalanced amount of cash mainly because we sold a few hundred bps of the company we started together in a founder secondary two years ago. My husband and I left it untouched as we decided it would be our "stop loss", emergency fund, and something we can reach into quickly if we ever found a desired home or interesting investments. Market conditions also deterred us from heavily averaging in a position (turned out to be a good thing). + +We don't own a home because we just never had the reason or lifestyle creep that impelled us to buy one. Our work kept us living in hotels for about 150+ days per year, and we both grew up in very low income families. Instead, we paid off our parents' mortgages and he moved into my parents' home with me. + +The main driving force for our house search is my age. We want 3 kids, and the window of opportune time is shrinking. And for arbitrary reasons, we do eventually want a $1,000+ psf primary residence of 3000-8000 sf before retirement. + +We've narrowed down to 2 options: + +* (A) Buy a $1.5M land lot, and set aside $3M for construction of a "forever home". Then we'll also probably have the flexibility to pour in up to $8M towards construction if we wanted to, a year from now. +* (B) Buy starter homes in 3 cities for $1.5M\~ each. A SFH in current city and condos in the other two places we frequent (Omotesando and Zurich). + +I'm aware that I'm in a position to afford (A) with leverage, but I'm very risk-averse because of how concentrated our net worth is in a single company. + +My rational mind tells me to go with (B). Aside from the potentially long wait which could sink our plans to start a family, it's fairly obvious that (A) is a lifestyle excess that will eat a lot of our bandwidth, bring about unnecessary stress with zoning, permits, reviews etc., and hamper further wealth generation. + +But (A) is not without its merits. I'd give it 0.65 delta that we will have another $4M of cash within 2 years. If we go with this approach, we pre-empt and save much time having to sell the starter SFH or start building later. The architect we've chosen also has ideas for a multi-pavilion layout for the house that will let us opt to build $3M-8M piecewise, so we can still fall back on a cheaper build. + +P.S.: Sorry for the long read! + +**Questions:** + +1. Would you skip the starter homes in my shoes? +2. For those of you who *built* a forever home, how long did it take and was it worth the wait? +3. Did you have unforeseen problems raising kids or going about your social life with obviously one of the nicest houses in the city? (Our architect has a similar pedigree to Olson Kundig/Lake Flato.) + +**The Ranch won’t be generating income for advice purposes view it as a home inheritance** + +**Edit: for further info the land and home was used by my brother as a base of operation for his welding contract work. People are saying take up the family ranching, for accuracy it’s more take up the “welding contractor work/life” which honestly is a potential option** + + + +I’ve been traveling for work and stacking up on my finances. My only real possession were the clothes I kept with me and my vehicle. With my brother gone I’m moving back to my home town and taking over our families ranch home which my grandpa and father built way back when. My brother had no real cash assets but he did leave behind lots of property type things, vehicles, tools things of that nature. I just quit my out of state job and still have a lease with a roommate I plan on talking with the landlord and maybe fronting the rest of my half now to be taken off the lease. Here are the numbers and I’m wondering what my steps should be. I do not have a job but can get one in 2-3 months my take home would be in the 2.5-3.3range for what my trade goes for here. (Low cost of living area) + + + + +Finances +Debt: 44,000 + + +Monthly out of state Lease 7k total (1k a month) +Pass due Taxes 20k 7% (not my loan can refinance) +Car 17k 2.3% interest ( 530 month to month) + + +Cash assets: 33,000 +Cash 28k +5k secured credit card +Non retirement account investments: 85,000 (60k of which is long term) +Retirement: 63,000 + +Non sellable property: +Payed off home 150-200k +My car 22k + +Brothers Property and sellable physical assets. +10k work truck net after repairs (3k repairs) +7k truck net after repairs (1k repairs) + + +Monthly budget with debts as they are: 3295 (edit:3.5k forgot light and water bill) + +Moms home 300 +Out of state lease 975 +Car payment 530 +Car insurance 6 months paid in full atm otherwise (135) +Overdue Taxes 450~ +Food: 350 +Gas: 200+ (home is far from everything) +Trash 75 +Internet 110 +Phone 120 +Other subs: 50 + +So should I sell assets and knock debt out, or burn through cash while I seek a job and just have a high monthly budget. +EDIT: **THE POLL IS NOW CLOSED** + +## **[Take our survey!](https://docs.google.com/forms/d/1dMyEr0Kb28eK_Yd12cq2m_oDidVQkcfNWSyB14R3oaY/viewform)** + +Another year has ended and we wanted to share what we've been doing as mods this year and get a gauge on what we should be doing next year! Please share your thoughts through [our new survey](https://docs.google.com/forms/d/1dMyEr0Kb28eK_Yd12cq2m_oDidVQkcfNWSyB14R3oaY/viewform) or in comments below! + +--- + +### What we've done this year + +Apart from typical mod duties of policing the subreddit rules as best we can - removing off-topic submissions, personal attacks, and editorialized headlines - we've introduced a number of new features. + +1. **Article of the Week** - each month we post a call for papers. One of these papers is stickied for each week of the month. We haven't gotten the level of discussion we'd hoped for, but I feel this has been a success because it has carved out a little space for discussion of practitioner level research. + +2. **Journal Day** - once a quarter [the subreddit only allows research articles and papers](http://www.reddit.com/r/Economics/comments/2m5eos/journal_day/), all other submissions are removed and our friendly automod leaves a comment encouraging resubmission tomorrow. We get a lot of journal submissions on these days, and it makes space for high level discussion. While the comment count is way down, we hope the level of learning is way up! + +3. **Flaired users** - users who demonstrate a working knowledge of economics at a masters level can [apply for flair](http://www.reddit.com/r/Economics/comments/2h6uiu/call_for_flair_round_2/). Flair indicates a solid level of knowledge of economics generally. We feel this has been successful - we have flaired relatively few users, but I believe flaired users have genuinely improved discourse on the sub. + +4. **Bots** - we have two bots, /u/central_bank_bot and /u/shares_rss that automatically submit some neutral non-political economic content. Sometimes they've flooded the sub and we're trying to fix that, but generally they seem to be helping add solidly economic content without pushing out other submissions. + +5. **Look and feel** - the subreddit used to have the default look and feel, with just a smattering of CSS. When we wanted to change it, several mods and volunteers jumped in and redesigned the sub to mimic the [NBER theme](http://www.nber.org/). I think the sub looks much nicer now! + +I wanted to specifically call out /u/besttrousers, /u/mberre, and /u/fittyakaferrari for coming up with and implementing these features. If you think the sub has improved since last year, be sure to thank them! +^^^^I ^^^^tried ^^^^to ^^^^find ^^^^a ^^^^link ^^^^to ^^^^the ^^^^sub ^^^^from ^^^^~18 ^^^^months ^^^^ago, ^^^^but ^^^^was ^^^^unsuccessful. + +--- + +### Feedback requested + +We'd like to get your thoughts on the subreddit - what do you think about moderation, submissions, comments? What do you think about the changes we implemented this year - should they be left alone, tweaked, or scrapped all together? What do you think about what we're doing and what should we be doing? + +* Please share your thoughts in comments below. We got a great response at [last year's state-of-the-sub](http://www.reddit.com/r/Economics/comments/1p6wpl/state_of_the_subreddit_lets_us_know_what_you_think) post and the feedback was helpful. + +* [We've put together a survey](https://docs.google.com/forms/d/1dMyEr0Kb28eK_Yd12cq2m_oDidVQkcfNWSyB14R3oaY/viewform) to ask some of this information as well as some fun information on demographics, education and training, and ideology. + +We'll sticky this self post for a week and share results of the survey. Also, look for best of /r/economics 2014 post soon, [like this one last year](http://www.reddit.com/r/Economics/comments/1tjv94/best_of_reconomics_2013/). + +--- + +### Please Help! + +If you're interested in improving the sub, there are a few things that would be very helpful: + +1. Be the change you want to see by submitting articles/comments that fit the quality and type you'd like to see. If you like research articles, submit those you're familiar with, leave a comment summarizing/explaining, engage in the Article of the Week thread, journal day, and the like! + +2. Report comments/posts that violate the subreddit rules. Adding a brief explanation in the "other" report field is very helpful, as is modmailing us, though not necessary. + +3. Feedback helps us, we do discuss comments and feedback, so please feel free to comment here, in the survey, modmail us, whatever. +We're told again and again that if the U.S. doesn't raise the debt ceiling, that it will mean the U.S. defaults on its debt. Perhaps I'm naïve, but I just don't buy that that is necessarily true. It seems like saying, if I don't get my credit limit increased, I can't pay my credit card bill. (In fact, if I'm having trouble paying my credit card and other bills, perhaps having my credit limit raised is the last thing that should be done). + +Would some difficult spending decisions and cuts need to be made? Absolutely. Would payments need to be prioritized? Yes, but payment of interest on debts could (and, arguably, should) get top priority. Then, there would be no default. + +The 14th Amendment ("The validity of the public debt of the United States...shall not be questioned.") has been brought into this debate, with the suggestion that the President invoke it in order to force the debt ceiling to be raised, or to borrow and spend without regard to the debt ceiling. But that argument also equates failing to raise the debt ceiling with defaulting (or "questioning" the debt). Again, I just don't see the connection. My interpretation (for whatever that is worth) is that this amendment would require the above mentioned prioritization of interest payments over other payments. That is, the U.S. may not be able to borrow more, but it cannot "question" the debt it has already incurred. + +The only possible explanation I can conceive is if you consider money budgeted but not yet spent as debt, but I think that's a stretch and not supported by law or precedent. Bond holders in a company filing for bankruptcy would receive reimbursement before suppliers they have contracted with, for example. + +------ +Rant concerning analogies: Analogies between household budgets and government budgets are appropriate. In fact, I'm not the only one using them. We've got commenters drawing analogies with pizza delivery, credit cards, mortgages, working overtime, borrowing money from the bank, etc. Apparently, several people, including those that disagree with me, have found it a useful analogy. + +But, but, but governments and households are different! Well no shit. People don't make analogies between things that are identical. There's no need to. But there are similarities between the two. A big similarity is that both get into debt when they spend more than they take in. Solutions for both are also the same: reducing spending, increase income, or some combination of the two. + +Even so, I would like to thank the anti-analogy crowd for answering a different question: Why do politicians try and get away with these scare tactics? The reason is now obvious: There are sufficient numbers of people who aren't capable of much more than taking what their so-called representatives literally and unquestioningly accepting their answer. + +The above rant doesn't apply to the majority of commenters, and to you, I apologize. I'm frustrated that a few decided to take an honest and thoughtful question, which I hoped would generate an honest and thoughtful discussion, and turn it into some inane blabber that you can't use analogies on things that are different. + +P.S. To you pedantic arbiters of what I can and cannot compare, I never made a metaphor between household budgets and government budgets. It was a simile. + +[https://www.afr.com/real-estate/australia-is-one-of-the-worlds-riskiest-housing-markets-oxford-20180913-h15bu0](https://www.afr.com/real-estate/australia-is-one-of-the-worlds-riskiest-housing-markets-oxford-20180913-h15bu0) +this is largely UK based but will apply to any modern economy i feel - especially all european and western economies. marking as possible dd because it may link to other inflation related DDs in the future- and it may link well with the billionaire boys club parts 7 thorugh 11 - /u/BadassTrader BadassTrader - this one might be interesting perhaps if for nothing else than to give light to the dd you did where you talk about the "buy, borrow, die" phase of how the rich use the system to borrow against assets that they dont really intend to repay and live a sweet life. + +Sauce: + +[https://hivebusiness.co.uk/insights/why-youre-not-supposed-to-know-the-real-inflation-rate](https://hivebusiness.co.uk/insights/why-youre-not-supposed-to-know-the-real-inflation-rate) + +pasted sauce just in case: + +February 11, 2021 + +When Cypher makes his treacherous deal with Agent Smith to betray Morpheus in The Matrix, he says: “I know this steak doesn’t exist, I know that when I put it in my mouth the Matrix is telling my brain it’s juicy and delicious. After nine years, you know what I realise? Ignorance is bliss.” Cypher is not a good guy. But he’s human. We all need stories and sometimes we know they aren’t wholesome but we indulge anyway. They let us feel OK enough to get on with our lives. When we have a pleasant narrative about who we are and what we’re doing here, we hold onto it, understandably. + +A narrative like, say, I am a family man and part of that role means providing for my family, and providing means being fiscally responsible, and being responsible means not taking risks. If we spin that out a little further, perhaps not taking risks means agreeing with the status quo. So we arrive, through what is quite a reasonable process of deduction, at a position where we are taking what agents of the status quo (governments, financial institutions, Agent Smith) tell us at face value. + +Why should a family man ever want to put himself in opposition to the status quo? Let’s take a look and find out. The first point to observe here is that narratives have, ever since humans learned how to spin a yarn, been used to empower and disempower. Control the narrative and you control the world. The first story we hear about money is that it exists independently, as an external object in the world. No. It exists only in our collective imagination, as do corporations, countries and legal systems. Which means it exists only to the extent that we put faith in it. Hence when confidence drains away from a currency and the government that backs it, we see hyper-inflation. + +Another story: the instruments that governments and institutions cite when they tell us about money are reliable and used in good faith. No. They are used only so far as they serve the narrative the government wants to push. The government borrowed a record amount in December 2020 — £34.1bn — and the only realistic way it will pay back national debt, which is now nearly 100% of GDP, is by inflating it away. There is no way politicians can admit this because to acknowledge it would make servicing its debt and paying for the public sector, where salaries are linked to the inflation rate, impossible. + +Inflation is arguably the most social pernicious route out of mounting debt. It silently redistributes wealth while apparently aiming to “keep things stable for everyone”. It transfers wealth from people who rely on salaries to people who live off assets (it has been suggested that a good number to aim for when investing is 10% of your income after tax, and if you invest nothing you are going to be walloped by inflation). + +Governments don’t want you to know this, but inflation is happening at a rate far higher than the official story would have it. On its website the Bank of England says inflation has averaged 2% since 1997, when it began controlling the base rate. It says that if inflation goes above its 2% target then it will increase the base rate so people spend less. Actually it only cuts it (from 7.25% in 1997 to 0.1% today). And even when it recognised the official rate of inflation was 3% between 2008 and 2013 it did nothing. Rates remained at the unprecedented low level of 0.5%. + +The average cost of private education in Britain rose by 49% in the ten years to 2018 (from £9,579 to £14,289). Type “rises faster than inflation” into Google along with almost anything you can think of buying and you will probably find that it has indeed risen much faster. How much more are you paying on your mortgage in 2021 than you were in 2010? This is the bread and butter of real life. I am paying more than four times as much for a house with the same number of bedrooms. That equates to the equivalent of a 14% inflation rate for my cost of living measured according to my mortgage payments. + +Another cost of living that hits people differently, depending on their circumstances and choices, is health insurance. The Association of British Insurers says average premiums rose by nearly 15% for personal health insurance between 2015 and 2019. This rise was probably why the number of people covered dropped by nearly 10% in the same period, during which, incidentally, the government doubled Insurance Premium Tax from 6% to 12%. This rise in health insurance premiums over four years is the equivalent of a 3.5% inflation rate. + +Could it be, then, that the rate of inflation isn’t actually the rate of inflation? That governments cook the numbers to control the narrative? You may have seen a bit of this with the Covid policies. With money, then, they may under or overemphasise inflation and overstate the veracity of their toolkits like the Consumer Price Index. The Boskin Commission in the US, for example, found that the CPI overstated inflation by 1.3% per year. That is a massive miscalculation. And, for context, the Bank of England’s 2% target is an arbitrary number dreamed up in a monetary policy in New Zealand 30 years ago that has become an article of faith among advanced economies despite never being “proven”. + +You might be forgiven for expecting, as you move up the chain of financial authority, to find more responsibility and accountability. I am afraid, though, that the deeper one looks the more one sees fictions, and increasingly flimsy ones. We are faced with an underlying cynicism and lack of integrity. But most importantly, we need to protect our wealth. If people knew the real rate of inflation was 7%+ it would crash the economy. Unlike Cypher, there’s no way back from this information. But you can use the forces at work to your advantage. Get in touch if you’d like our support to help build wealth efficiently. + +More on this topic another day… + +&#x200B; + +EDIT- as this is slowly blowing up - please do check out my other posts around what i am doing to preserve the dd and the posts and memes, and how to get access to it. Very happy to bring more servers online to make sure that this fuckery isnt forgotten. + +[https://www.reddit.com/r/Superstonk/comments/rpxrhl/ape\_historian\_here\_is\_the\_list\_of\_every\_single/](https://www.reddit.com/r/Superstonk/comments/rpxrhl/ape_historian_here_is_the_list_of_every_single/) (which links all other posts as well that are of interest) +Guten Tag to this global band of Apes! 👋🦍 + +Today we close out another exciting week in the GME saga. +Yesterday, of course, we saw that inflation rates continue to be incredibly high, despite the series of interest rate increases by the Fed this year. +Naturally, this makes me think that the Fed is going to be forced to continue to increase rates. +I would normally expect such news to cause markets to fall, but we still seem to be witnessing nonsensical behaviors from the markets. +Eventually the party will end. +Right? + +All of this makes me even more pleased with GameStop's moves last year to load up on cash and wipe debt off the books. +With plenty of inventory, cash in the bank, and zero debt, GameStop is well prepared for the holiday season and beyond. +Other companies that were counting on the availability of cheap financing must be scrambling to prepare for what lies ahead. +Is there any better place than GME to HODL with Diamantenhände? + +Today is Friday, October 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$25.33 / 26,01 €** *(volume: 652)* +- ⬜ 115 minutes in: $25.32 / 26,00 € *(volume: 652)* +- 🟥 110 minutes in: $25.32 / 26,00 € *(volume: 652)* +- 🟩 105 minutes in: $25.40 / 26,08 € *(volume: 652)* +- ⬜ 100 minutes in: $25.35 / 26,02 € *(volume: 652)* +- ⬜ 95 minutes in: $25.35 / 26,02 € *(volume: 627)* +- ⬜ 90 minutes in: $25.35 / 26,02 € *(volume: 627)* +- 🟥 85 minutes in: $25.35 / 26,02 € *(volume: 627)* +- 🟩 80 minutes in: $25.35 / 26,03 € *(volume: 627)* +- ⬜ 75 minutes in: $25.35 / 26,03 € *(volume: 627)* +- 🟥 70 minutes in: $25.35 / 26,03 € *(volume: 627)* +- 🟥 65 minutes in: $25.44 / 26,12 € *(volume: 156)* +- 🟥 60 minutes in: $25.53 / 26,21 € *(volume: 76)* +- 🟥 55 minutes in: $25.54 / 26,22 € *(volume: 76)* +- 🟥 50 minutes in: $25.54 / 26,22 € *(volume: 76)* +- 🟩 45 minutes in: $25.55 / 26,23 € *(volume: 76)* +- 🟥 40 minutes in: $25.53 / 26,22 € *(volume: 76)* +- 🟥 35 minutes in: $25.54 / 26,23 € *(volume: 76)* +- 🟩 30 minutes in: $25.55 / 26,23 € *(volume: 76)* +- 🟩 25 minutes in: $25.52 / 26,21 € *(volume: 46)* +- 🟩 20 minutes in: $25.40 / 26,08 € *(volume: 44)* +- 🟥 15 minutes in: $25.40 / 26,08 € *(volume: 44)* +- 🟥 10 minutes in: $25.53 / 26,21 € *(volume: 44)* +- 🟥 5 minutes in: $25.55 / 26,23 € *(volume: 44)* +- 🟩 0 minutes in: $25.56 / 26,25 € *(volume: 24)* +- 🟩 US close price: $25.56 / 26,24 € *($25.58 / 26,27 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9739. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi all, + +For those of you who are a decent way along the fire path or those that have already fired, what are some of the things that you've regreted not spending more money on? + + +I'm still fairly early on in the fire process and I'm interested at what things people skimped on but upon looking back regret not purchasing/doing. +I was due to close on a mortgage offer just before lockdown. I was in the 10day cooling off period when everything shut. + +My mortgage was due to expire at the end of June and the provider was giving an extension. They asked the solicitor to provide them with a date that they expected completion to be done by, which the solicitor said should be around the 31st July. + +I didn’t hear anymore from the solicitor so sent them an email on the 30th July asking for an update. I got an auto response saying what the office hours where but didn’t hear anything else. + +I called at the office on Friday to get an update (3 weeks from email) and the receptionist took my name and number and looked shocked when I said I hadn’t heard from 31st July. + +I still have not heard back from her with regards mortgage. + +What should I do? Have I any grounds to complain? I worried we might loose our mortgage offer which took a lot of work to get one accepted and the solicitor isn’t even responding to me. +I was confused. Most people seem to realise that it's kind of an intrusive question to ask. + +But I made a deal with him. I'll show him how much BTC I have stacked, he just needs to open up his banking app and show me how much money he has. + +Yeah, so he never found out how much I have. Shocker. +Just reported by CNBC: Robinhood, Charles Schwab, Virtu Financial shares hit session lows after Securities and Exchange Commission chairman Gary Gensler tells Barron's that banning payment for order flow is 'on the table' + +HOOD is trading down, -$4.15 (8.8%) at 42.745 + +SCHW is trading down, -$1.93 (-2.54%) at 73.91 + +[https://twitter.com/CNBCnow/status/1432428167227129857](https://twitter.com/CNBCnow/status/1432428167227129857) +For instance on the ballot right now we can vote to raise taxes to pay for (a project) or we can vote for the state to issue bonds to pay for (the same project). If the bond vote passes, how do I get in on that? There is going to be $3.5 billion in bonds (assuming it passes) so I'm sure corporations are going to be gobbling those up, but if I could even buy $1,000 worth I would like to. Can I? And how do I? This isn't just specific to this particular ballot initiative, I'd like to know for all future projects too. +PRIMETIME BOILERS* + +Hi all, + +So as the title says I have managed to secure a 12 month 0% interest free credit agreement for the installation of a new combi boiler, £2,300 all in 10 year warranty. I will then look to settle within the first few months. Cash was also an option but thought it better to take up the offer of the added flexibility. + +However the surveyor contacted me this morning saying he had not taken into consideration that it was a replacement of a conventional boiler to a combination boiler and as such the price is increasing by £700 making the new total £3,000. The issue here is evident that I have already signed the lenders agreement for the original sum and I am now unsure if I wish to proceed with the full amount given I can get this slightly cheaper from a more local company. + +What rights do I have considering both surveyor and the head office had incorrectly advised me of the costs. Even during a call when wishing to proceed with the quote the administrator commented that she had noticed it wasn’t a straight swap and advised it would take possibly a couple of days. + +Any advice would be greatly appreciated. + +UPDATE: + +I have voiced my concerns to the company and have confirmed I will not proceed with their revised quote. There was no negotiation on price however offered me 10 years warranty as opposed to 5 years for £2,750, however I just cannot bring myself to trust them. Currently expecting a return call from the company owner at some point in the not too distant future. + +Work will be taken up by the local installer as the relationship is on good terms and is transparent and honest. + +I also contacted citizens advice who have reported the violation of the agreement of my consumer rights to trading standards and also the malpractice from the company pressuring me with a 2 hour deadline into making a decision as to whether I would proceed with the appointment for Saturday. +What would you guys suggest learning in the fundamental side of forex or just anything in general. Already familiar with technical analysis/price action. +I was a noob once and I wanted to make money just like you but here is the thing... Maybe you don't currently have the knowledge or the resources to make sound decisions with regards to forex algos at the moment, so here is a post I would have loved to read a few years ago... + +I'm a senior software developer with studies in robotics, geomatics and computer science and I have been testing software for the forex market for the past 2 years and I want to share with you some results. + +First I have downloaded and tested an archive of about 100 commercial expert advisors for Metatrader4. Those EA are the kind you see on those make a million dollar in a month for only $499 web sites, with a picture of a young women on a yatch in the bahamas with 100 dollar bills flying around in the wind.. you know the kind. The results: *not a single one of them worked* and no wonder, all of their web sites are now parked domains ;) + +Then I downloaded and tested the following EAs http://forexbad.com/fx-downloads/ (ie; the same kind). The results: *none of them worked* + +Then I live tested many of the very few EA that seemed decent enough to be worth checking on MQL4.com market place. The results: *only one of them seems to be somewhat working but I still need time to be sure*. The MQL4.com marketplace is more or less a scam site; there are no refunds and nothing works. But if you are going to buy from that marketplace, my advice would be this; if there is no 'rent for 1 month' option for the EA and/or there is no 'real money live account signal' of the EA, just don't buy it, I guarantee you it's not going to work. + +The bottom line is this; martingales, strategies that work only under impossible market condition or impossible spreads, holy grails & curve fitting, inevitable account blow up, you name it. As far as 'robots' and 'expert advisors' are concerned, the motto if it's too good to be true, it probably is has never been so true. + +It's not because it works in the 'strategy tester' that it really works. It's not because it works on a demo live account, that it really works. In fact, it's not even because it works on a real live account signal from the author, that it really works... ( Here, read this if you must https://www.mql5.com/en/articles/1413 ) + +The fact is this; 99.999999999999999% of 'robots' are scams written by scammers. + +Even in the domain of the 'popular strategies' and 'popular technical analysis' department, just because a lot of 'forex blogs' and 'forex books' says that a moving average crossover is a good strategy, it does not make it so. In fact, when you account indicator lag and total lack of perspective of most technical analysis oriented strategists, you end up with a very different perspective on things. + +The sad reality is that almost all blogs are filled with ads with which the authors make money using organic traffic when in fact, if you look a little bit closer are the content, it's pure BS even total nonsense sometimes. As far as books are concerned, well, it's not because it's a book that it's any different... Even if it has the words 'bestseller' and 'recommended by top hedge funds' or if it's written by a PhD, does not make it's content automatically true. C'mon, don't be easily impressed. + +Don't think the quant department is much better... It's all fun and games when you are learning statistics but when real money is in stakes, the room becomes really quiet... ;) + +Here is a very good blog that debunks many of these so called strategy in an empirical way http://www.oxfordstrat.com/rd-blog/ + +*A lot* of people make 5 trades and come to the conclusion that their strategy works and that they will become rich... yeah, I guess we have all been there, but you know what I have come to realize? For those who don't see the bigger picture, "On a long enough time line, the survival rate for everyone drops to zero."... + +So here, I hope you don't loose your money buying those 'get rich fast' schemes... + +There is no free lunch. + + +I was a noob once and I wanted to make money just like you but here is the thing... Maybe you don't currently have the knowledge or the resources to make sound decisions with regards to forex algos at the moment, so here is a post I would have loved to read a few years ago... + +I'm a senior software developer with studies in robotics, geomatics and computer science and I have been testing software for the forex market for the past 2 years and I want to share with you some results. + +First I have downloaded and tested an archive of about 100 commercial expert advisors for Metatrader4. Those EA are the kind you see on those make a million dollar in a month for only $499 web sites, with a picture of a young women on a yatch in the bahamas with 100 dollar bills flying around in the wind.. you know the kind. The results: *not a single one of them worked* and no wonder, all of their web sites are now parked domains ;) + +Then I downloaded and tested the following EAs http://forexbad.com/fx-downloads/ (ie; the same kind). The results: *none of them worked* + +Then I live tested many of the very few EA that seemed decent enough to be worth checking on MQL4.com market place. The results: *only one of them seems to be somewhat working but I still need time to be sure*. The MQL4.com marketplace is more or less a scam site; there are no refunds and nothing works. But if you are going to buy from that marketplace, my advice would be this; if there is no 'rent for 1 month' option for the EA and/or there is no 'real money live account signal' of the EA, just don't buy it, I guarantee you it's not going to work. + +The bottom line is this; martingales, strategies that work only under impossible market condition or impossible spreads, holy grails & curve fitting, inevitable account blow up, you name it. As far as 'robots' and 'expert advisors' are concerned, the motto if it's too good to be true, it probably is has never been so true. + +It's not because it works in the 'strategy tester' that it really works. It's not because it works on a demo live account, that it really works. In fact, it's not even because it works on a real live account signal from the author, that it really works... ( Here, read this if you must https://www.mql5.com/en/articles/1413 ) + +The fact is this; 99.999999999999999% of 'robots' are scams written by scammers. + +Even in the domain of the 'popular strategies' and 'popular technical analysis' department, just because a lot of 'forex blogs' and 'forex books' says that a moving average crossover is a good strategy, it does not make it so. In fact, when you account indicator lag and total lack of perspective of most technical analysis oriented strategists, you end up with a very different perspective on things. + +The sad reality is that almost all blogs are filled with ads with which the authors make money using organic traffic when in fact, if you look a little bit closer are the content, it's pure BS even total nonsense sometimes. As far as books are concerned, well, it's not because it's a book that it's any different... Even if it has the words 'bestseller' and 'recommended by top hedge funds' or if it's written by a PhD, does not make it's content automatically true. C'mon, don't be easily impressed. + +Don't think the quant department is much better... It's all fun and games when you are learning statistics but when real money is in stakes, the room becomes really quiet... ;) + +Here is a very good blog that debunks many of these so called strategy in an empirical way http://www.oxfordstrat.com/rd-blog/ + +*A lot* of people make 5 trades and come to the conclusion that their strategy works and that they will become rich... yeah, I guess we have all been there, but you know what I have come to realize? For those who don't see the bigger picture, "On a long enough time line, the survival rate for everyone drops to zero."... + +So here, I hope you don't loose your money buying those 'get rich fast' schemes... + +There is no free lunch. + + +I don't normally trade this pair, but while looking for my trades for the upcoming week, I saw a number of things that excited me, and after doing some drilling in/zooming out, I've become fairly well convinced a significant event is coming up soon. As it's a popular pair, I thought some of you may be interested + +EURUSD has generally been relatively quiet since the strong burst of growth it experienced in May and July. + +Anyone who has been trying to trade it since the beginning of August, has, in my view, been trading inside the consolidation channel, where the action is chaotic and indecisive + +Not to say you can't make money in those conditions, but I think if you zoom out and look at the bigger picture, you may agree that the real opportunity is coming, possibly as early as this week (if not, then likely before Christmas) + +This is a longer term trade idea which is based on the 4H, 1D, even the 1W chart. All of these charts are indicating the same thing could happen, and we have a period of confluence now, which if resolved decisively, gives you a fantastic opportunity + +However in order to bear fruit to the full, this is a trade you will have to allow to play out, at least for weeks, possibly for several months. I do think that even taking into account swap/overnight fees, it could be worth it. But if you are not patient with trades and tend to start drilling into the 5 minute then panic selling on some short term moves, this one is not for you + +So what's the setup? + +Let's start on the daily + +https://imgur.com/a/t5PxnjT + +This is the period of price consolidation which follows the aforementioned explosive rises earlier in the year. Now, before you say my analysis is bad because of how I've drawn the bottom line on that pennant: (1) The bottom line doesn't matter to me because I am only looking for a trend continuation here, I'm not currently interested in shorting it. The only thing the bottom line would be useful for is to indicate*when* the consolidation will finished (2) I believe the lower breakout was caused by the volatility on markets around the US election. I think it was a fakeout and can now be dismissed (3) If you do not agree, fine, move the line down. As I say I'm only presenting a trade on the top line, which appears consistent. + +If this pennant is broken to the upside, the potential is huge. Normally when trading this pattern, you can set a TP around 'the length of the upward leg added to the breakout zone'. In this case you'd be looking at a TP around 1.24. By the way, I am not going to suggest how precisely you trade this, I'll leave your entries and exits up to you. And again, this may take time to play out + +Now, if we drill in a bit and look at the 4H, we can see we are in a second consolidation period from what I earlier called the 'election volatility' and the sudden moves that happened around then + +https://imgur.com/a/fmAHQdC + +The smaller, central pennant is the one to look at on this timeframe. The upper, longer line is what I just showed you on the 1D + +What should capture your interest is that we are threating to break both these lines at almost the same time. Any move that breaks both is likely to be decisive and could portend a very strong upward move + +For a third piece of confluence, you can see the price rejected 1.189 three times last week. I don't normally pay much attention to resistance, but, it seems to me, the price is attempting to break high out of this channel, and if that line capitulates, as well as the lines on the 4H and the 1D - again, I see very explosive activity coming up + +For a fourth piece of confluence, although this is so long term nobody would normally trust/trade it, it's kind of pretty so I'm going to put it in here + +The weekly chart + +https://imgur.com/a/954MwYQ + +It's unbelievable really, but here we seem to have broken a trendline which has been established since the Financial Crisis. I don't know if this line can be trusted, but if you do what the chart says, it's telling you to go long. Interestingly, also points to a TP around 1.24, maybe more like 1.235 + +My final piece of confluence is based on fundamentals, which I do not trade but nonetheless, I find this compelling: + +Since the last period of explosive growth, inflation on the EUR has fallen from 0.9% to -0.2%. Meanwhile, the USD has risen slightly from from 1.0% to 1.2% (and interest rates have remained flat). This hasn't been priced in yet, and from my rudimentary understanding, it should be + +So, make up your own minds. Even if you don't want to trade yet, I think if we see the EUR smash some of these key lines, you've got to pay attention. You might want to open some small positions now, you might want to wait for the trend and risk a pullback. You might want to pile in at consolidation levels, should they form. Trading is never easy, so I'll leave all the decisions to you + +As I am still learning myself, I'll happily take any feedback on my analysis +I came across an article in the WSJ- buried on page B13 at the bottom. I tried to access it abs provide a link but was unable to. The gist of it is is that the hedge fund firms are: + +1: “avoid[ing] disclosing certain holdings so as not to attract attention from opposite-minded investors.” + +2: they are using a few strategies including “so-called total return swaps, in which investors pay a bank a fee to earn returns on certain securities, eliminating the need for disclosure.” + +3: they are ‘avoiding’ put options + +4: they are timing trades to ‘minimize’ disclosure to the end of quarter + +Melvin and Maplelane have ‘omitted’ information. + +https://www.wsj.com/articles/gamestop-resurgence-reinforces-new-reality-for-hedge-funds-11614335400 +A new year, a new budget. The subreddit is significantly larger than last time we had a budget, so please refresh your understanding of [the rules](/r/ukpersonalfinance/about/rules) before commenting. + +The mods will be enforcing all rules as normal, with **a slight relaxation of the politics rule for this thread only** + +An example of an otherwise rulebreaking comment that we might allow: + +> This budget is at odds with the conservative party's approach over the past few years. How are they going to deal with the national debt? + +Examples of comments that we won't allow: + +> OMG tory scum blah blah blah + + + +> Keir can stick that in his pipe and smoke it + + + +> Landlords/tenants are scum/amazing and should/shouldn't be helped out in this way!!! + +--- + +# News & resources + +* https://www.gov.uk/government/news/budget-2021 +* https://www.ft.com/content/7ab638c8-d5f7-4e42-a786-3610f2c445fb +* https://www.bbc.co.uk/news/uk +* https://www.theguardian.com/uk/budget +* https://www.telegraph.co.uk/budget/ +Interesting (American) article about the wisdom of telling people to cut out small spending habits like coffees. + +https://ritholtz.com/2019/04/buy-yourself-a-fking-latte/ + +I agree with his central point - if a coffee per day stops you from retiring, you've got bigger problems to worry about. But he misses a few crucial points. + +The *cumulative* cost of a coffee, and a phone contract, and not switching energy providers, and Spotify, and Netflix, and Prime, and a gym membership, and the wine of the month club, and.... It all adds up. + +Secondly, yeah, for some people a coffee per day is putting them in real financial hardship. If cutting out one thing for a year gets you out of your overdraft, or lets you build an emergency fund, then it is 100% worth it. +I've been holding through the highs and lows and I just love Mondays when all the other holders come back from the silence of the weekend with optimism, new memes and extra money they've borrowed off their wifes boyfriend to buy more shares! + +They said it wouldn't happen once... +IT DID! + +They said it go over $50 again... +IT DID! + +They said the shorts where covered... +THEY WERNT + +Its almost as if the professionals, aren't that professional after all.... + +Read the various DD out there, don't pay attention to the news. Form your own opinion because if we have learnt anything so far its that crayon eaters are more accurate than experts! + +Have a fun week and only spend what you can afford to lose. + +This is not financial advise, I honestly just sat on my phone and it typed this. +**Ryan Cohen tweeted about BCG. COHEN STARTED THE WHOLE THING.** + +Immediately, Ape Intelligence Agency is on the case to discover all we can about BCG. + +BCG leads down some rabbit holes, most of which are leading right back to a VERY HIGH PERCENTAGE OF RETAIL BANKRUPTICES AND ASSOCIATED NETWORKS OF SCUMBAGS. (This includes the Amazon connection, which gets BadassTrader, and several others get THOUSANDS of upvotes every time they post.) + +Several days later, 50% of SuperStonk is claiming that the other 50% is forum-sliding into l1zard people, Qan0n, Alex J0nes, etc..... when NO SUCH THING HAS OCCURRED. People are still talking about BCG and the networks it is involved in. + +**COHEN STARTED THIS. Apes are looking into it.** + +What the fuck, and whose side is anyone on? +HаkunаMаtаtа just releаsed а trаiler of their gаme todаy аnd it’s HUGE! This token is аbout to shoot up аnd it’s one of the best gems out there! + +HаkunаMаtаtа Sociаls: + +📢Тelegrаm: [https://t.me/hkuntoken](https://t.me/hkuntoken) + +🐦Тwitter: [https://twitter.com/hkuntoken](https://twitter.com/hkuntoken) + +🌐Website: [https://hakunamatatatoken.com](https://hakunamatatatoken.com/) + +🎮Plаy tо eаrn + +The tоken hаs its оwn Plаy-tо-eаrn NFT gаme cоming оut where peоple cаn eаrn free mоney by plаying а nоrmаl gаme! They hаve аnаlysed the mаrket аnd cоmpetitоrs аnd will be lаunching а gаme thаt’s very sustаinаble аnd is strоng where mоst оf the оther tоkens аre weаk. In order to mаke this best gаme out there аnd deliver the best to its investors, the devs found а wаy to deliver а gаs free gаme which will аlso hаve the choice for scholаrships mаking it one of the best gаmes out there in the mаrket. + +📢Huge pаrtnership with а fоrmer Disney directоr! + +HаkunаMаtаtа Tоken HAS Legаllу signed а Cоntrаct with fоrmer Disneу Directоr оf Mulаn(1998) TONY BANCROFT аnd in оrder tо prоve the legitimаcy оf this аspect, Tоny jоined the AMA аlоng with the devs аnd cоnfirmed the fоllоwing! + +🚨Security fоr the investоrs + +The devs hаve been dоxxed well befоre the presаle аnd the whitelist, аnd this dоesn’t end here. HKUN is registered аs а legаl entity in UK аnd аlsо the teаm hаs dоne а CertiK аudit well befоre the presаle! This mаkes HKUN the оnlу Legit Tоken tо hаve а bright future in аnything they dо. + +🎗Bridging the gаp between cryptо аnd chаrity + +HаkunаMаtаtа hаs dоnаted mоre thаn 55000 USD in chаrities tо help resоlve mаny issues аrоund the wоrld! With its diverse аnd vаst cоmmunity, HаkunаMаtаtа strives tо help mаke the wоrld а greаter plаce. + +This mаkes HKUN the оnlу Legit Tоken tо hаve а bright future in the NFT mаrketрlаce scheme. +How much would a toll bridge cost to maintain? I can't seem to find much info on this. I ask because I have been thinking lately about investing in infrastructure -- buying a bridge and charging a toll. +I'm not here to get someone else to do my homework, this just came up in a conversation with an economist friend of mine. So I get that anything that attempts to control price can lead to corruption and unforeseen negative consequences but there must be loads of instances where it has worked out alright, where it ether did what was intended or just didn't do any particular harm and no one really notices it anymore. My friend and I couldn't think of any of the top of our heads but does anyone know of any cases big or small that be an example of this? +I did the math and the things I usually spend my money on have gone up 10-20% over the past 2 years. + +Everything from food, gas, to building materials has gone up significantly. So why is the CPI only showing 2-3%? +Curious about the groundswell surrounding both, and how people haven't aligned one with the other as a means of counterbalance, I'm looking for insight and cool headed conversations + +If UBI causes labor to pull out of the marketplace, and we invest in automation and (skeptic eyeroll...I know) robots, then have UBI recipients invest in the "new work force" by buying or investing in the labor market i.e. automation, wouldn't that help curb the worry that all those Applebees and Pinkberrys would lose their hard & cheap workers or the idea that markets would inflate to take more away from UBI recipients because they have more money due to UBI? + +Credentials: I went to business school once +Employment right now is close to 100% and even in hard times it doesn't fall much below 80%, but is there an underlying reason why there is a job for almost everyone in an economy? Is it just that it would be politically unsustainable for and economy to support fewer people than partake in it? + +How many more jobs could modern economies sustain? +I have been wondering this since I started learning Economics in high school. Now I am an undergrad and I am still thinking about it. + +I am not standing for inequality, of course. However, hypothetically, if we re-educate the population so that people are indifferent towards the economic injustice that exists in a society, will income inequality still be a problem to the economy? In this hypothetical world, ceteris paribus, will a country with a lower Gini coefficient be better off at all than a country with a higher one? + +Cheers. +I have been trying to better understand the mechanics and effects of QE, QT, and other Fed actions. A YouTuber I find highly intelligent made a video explaining it but I am a little confused on how the bank reserves work. He says when The Fed buys bonds and MBS from banks they pay for it in bank reserves which can’t be lent out to customs but are used to cover the net flows of money between banks. If the reserves can’t be lent out directly to borrowers what purpose do they serve? + + +Ben Felix’s Video: +https://youtu.be/K3lP3BhvnSo +Hi! My economy teacher posed us with the following question; + +“The market for food in the country of Macistan is in equilibrium. However, there are children starving in the street. Is this a food shortage? “ + +I remember him telling us no but for the life of me I cannot wrap my head around why. Could anyone help me understand? Thank you! +Obviously not exclusive to beer, but I've been noticing stores selling a range of things for the same price, which seems allocatively inefficient to me. Why would you charge the same for PBR (cheap beer) and some craft beer that the bar must have paid more for? This results in more than the efficient quantity of craft beer being produced/sold and less than the efficient quantity of PBR, no? So why do this? +Opinions I have seen put the ceiling of when you should be worried at 65%. US is trending towards it while Norway and Switzerland are already well beyond it. Should we be more worried about this? + +[source ](https://www.wsj.com/articles/household-debt-sees-quiet-boom-across-the-globe-1518969601?mod=searchresults&page=1&pos=10) +I usually go to places like the Mises / CATO institute because they are so accessible whereas the institute for new economic thinking (which is keynesian) usually has more academic articles. Are there any other Keynesian or more interventionist think tanks that are good places to get information? +I read this in an article from Business insider earlier today: + +"China's Gross Domestic Product (GDP) is currently around 63 percent that of the US, and China is projected to have the largest economy in the world within the next decade or so." + +Now, if you've taken a Intermediate Macroeconomics class you understand that a large part of our balance of payments is made up by foreign investment. What's stopping that foreign investment shifting to China when they are the premier economy? + +Also, alot of our economic power in the U.S. comes from our strong currency. This is due to high demand because of its reserve status as well as being the exclusive currency of petroleum trade aka petrodollar. + +Well what's to say this would change as China begins to lead the world in the the coming decades? + +I'd love to get into this further with anyone willing to discuss. +In my college economics class nearly 10 years ago, I had a brief exposure to Keynesian welfare theory. + +If I recall correctly, Keynesian welfare theory supported + +* taxing the wealthy or the corporations (because marginal propensity of *saving* is high), +* and distributing it to the relatively poorer class (because marginal propensity to *spend* is high). + +By doing so, the theory found the government can (1) strengthen the welfare program, (2) drive up the overall spending, and thereby (3) stimulate the economy. + +This welfare-driven economic theory made sense to me back then. + +&#x200B; + +However, a few days ago, I had a chance to talk with a banker friend of mine. When I explained to him the above reasoning for taxing the rich and distributing to the poor, he questioned whether the theory underestimates the **spending by the corporations**. After giving some thought to what he said, I found myself thinking there were merits to his point. + +* Corporate spending is a significant force behind the economy. A lot of buying and selling activities are done **B2B**, corporations ordering in bulk from another corporation, without the "spending" activities from the public, which may come later. (I thought to myself that maybe the corporations' marginal propensity to spend is lower than the general propensity of spending by the public, but I wasn't sure this is the explanation.) +* Also, the **chain** from the increased welfare - increased public spending - economic stimulation seemed longer than the chain of the corporations' spending - increased economic stimulation. (Maybe that is why the Keynesian theory also recommends governments to utilize fiscal policies such as direct spending on construction projects. But the availability of a tool to make that chain of economic activity more effective seemed insufficient to justify why we have to go through that chain of taxing the rich in the first place, when other economic chains are available.) + +For anyone with graduate school knowledge on Keynesian theory, would you agree with my friend's assessment that modern Keynesian theory, in expounding for welfare-driven economics, underestimates the corporate spending? If not, how do they take into account of the corporate spending in supporting expansive welfare program? +I recently heard a strange viewpoint that I certainly don't share, but I was intrigued by the argument. The argument was simply, that free (open-source) software is detrimental to the economy, since it's free, because no money is made. Thus, every piece of software downloaded free of charge represents a sum of money not earned. + +I didn't really have a good counter-argument at the time. Thoughts? +Where else do economists like to hang out and answer questions on the Internet besides this sub? + +Are there any other good websites, forums, discord servers, IRC channels, mailing lists, or anything else? +I know dumb question. I understand that I must pay interest from borrowed principal but if I firstly repaid principal and after that created interests it would be more favourable for debtor. Is it only agreement between creditor and debtor or it has some fundamental basics ? + +Excuse for my English. +And what are some potential policies that may improve their economic impact? + +Some suggestions to evaluate: +Allow refugees to work +Allow refugees to gain proper education +Allow citizenship to refugees + +Wouldn't allowing refugees to integrate further into the economy with access to quality education provide a positive long run effect economically (despite short term cost)? + +Perhaps I'm being optimistic but I would love to hear any practical solutions +Also, how would this be possible in a (near) free market? If there isn’t enough demand for a product/service, wouldn’t there be a general reduction in supply anyways through businesses scaling back, abandoning said products/services, or even the business failing? +I'm wondering if there are any projects in Economics that can make use of machine learning. I am really wondering if any social science can benefit from machine learning, and how. Thanks in advance +I live in Mexico and the biggest complaint is low salaries and in for example in r/Mexico the general consensus is that there are plenty of jobs but they all pay like shit. There are several theories on why they are so low such as the government keeping the minimum wage low to ensure manufacturing jobs don't leave. So I was curious as to what type of policies the government can push to help increase salaries. +In a world where tomorrow isn't guaranteed, wouldn't it make more sense to have a preference for $10 today vs $11 tomorrow? + + If I choose between $50 today vs $100 tomorrow, and I believe the $50 today could place my life on a different trajectory (OR it is such a low amount that it doesn't make difference regardless), WHY not have a present-day preference? Especially if it is possible I could be hit by a bus tomorrow. + + OR is the key is that present-day basis is generally preferable until a certain rate on return point (say 50% interest) where one values $200 today over $300 a year from now. +> The Second Theorem states that, out of all possible Pareto optimal outcomes, one can achieve any particular one by enacting a lump-sum wealth redistribution and then letting the market take over. + +I am having trouble understanding what this means, as well as its implications. Could anyone help me out ? +I am sure lot of people in this sub must have thought of buying a business. i am in that bracket where i am Keen at exploring some existing business, a franchise or something. Which will give me good cash flow and eventually an option you move out of my day job. I am wondering if anyone has been in a situation and end up buying a business that run on its own with some support from the management. You spend sometime after job but mostly the business is self operating. Understand it will be a lot of expense to buy a business with such an automated type of operation. Keen to hear people's thought, experiences and lessons before buying such a business. Like what too look for a business like this. What goes in to books etc. What is usually the budget for such businesses. I have seen people buying service stations, eating franchise etc. +Looking at apartments to buy, currently renting spending about 30% of after tax pay. This seems to be the golden rule of the maximum you should spend on housing. I have saved a deposit, and been pre approved for loan. However if I take out the amount approved it would mean repayments would be about 39% of after tax pay. And if bank interests rates were to rise to 7% repayments would be 48% after tax pay. This seems too high. Do you have any suggestions, I would like to buy a property but not be under finical stress? +The wallet is containing 290 Bitcoin, worth $13,636,377.53. + +The owner probably bought some Bitcoin just because it looked interesting and might have forgot about it, until now. + +Another probability is that someone has looked into an old PC and has randomly found this wallet with its password. + +This follows another Bitcoin wallet from 2010 moving $240M worth of BTC. + +In 2018 another ancient wallet has woken up, owning now worth $5 Billion of Bitcoin. + +([link to wallet waking up](https://whale-alert.io/transaction/bitcoin/41cdc50afa94244936499c8260386646818ebd29c7d5d3cdeea34ad0f7f7ab49)) +There is a left and a right wall moving in + +Left += DRS + +Right += Holding more than 1 year (less or no tax) + +US Government (and other Countries) definitely (do)es not want to miss out on taxes from this MOASS - but time is running fast - only 2 month left until December. + +Fillertext - Fillertext - Fillertext +Fillertext - Fillertext - Fillertext +Fillertext - Fillertext - Fillertext +Fillertext - Fillertext - Fillertext +https://www.cp24.com/mobile/news/ontario-court-freezes-access-to-donations-for-truckers-protest-from-givesendgo-1.5776665 + +This is what happens when governments have control over the money supply. This is a modern day example of what occurs when the powers that be don't agree with your views. This is the perfect example of why bitcoin is needed in the world and why we must fight tooth and nail to prevent government regulation over the asset. +So I am a fully blind person who uses a screen reader and every bitcoin wallet I have downloaded (Bitcoin QT, Multibit, Armory) are inaccessible to my screenreader. + + +This is making me very annoyed as I am a bitcoin supporter and I have acquired my own bitcoin I just cant god damn use them with out getting help from someone else. +Multibit +Is a java based wallet and as such, could have easily been made accessible if the Java accessibility JDk were included from the start. If we want bitcoin to truly be successful, this has to be dealt with. Any ideas outhere + in the readit ethos?? + +Oh and by the way, when I signed up for readit, I had to fill in a visual captia (which I had to get someone to help me) and as if that was not enough, for posting in this readit forum, I have to get someone to help me fill in another visual captia before I submit. I was going to donate some bitcoin to this forum, but obviously that is a little bit hard when I cannot even really access my bitcoins from my wallet. Kind of makes me not wan to donate now. + +Does anybody know of a wallet that would be accessible to screenreaders? + + yIf there is not one, does any one know a developer that would take some time to build or develop one? I am sure it would not be all that hard if lets say an open source, java based wallet were redeveloped to include the accessibility JDK/API. + +Thanks ' + +Okay I am going to append a couple of comments to this if I can figure it out: + +first thanks for the amazing response! + + +Second, although I have been creeping the Readit Bitcoin forums for a while, I have never actually posted or interacted and have only been a member for a couple of days so I am a bit clueless as to how to engage the forum and I think I actually posted this same post (above) a fewe times by accident (sorry). + +So in response to to some of the comments in general, I am a marginally technically capable blind screen reader user, and as such do not mind spending the time to learn anyway that will help me access the bitcoin technology. That being said, part of the reasoning behind making wallets accessible is so that people who are not technically inclined ( blind or not blind) will be able to more readily access Bitcoins and as such, adoption and uptake will be more fricktionless making the technology more appealing. accessibility for the blind and usability for the sighted are two sides of the same coin in that one compliments the other. + + +in term terms of the braille suggestions, I am interested, however I only started learning braille recently and I am only in grade one as I have been blind for only five years, so I have a ways to go in that regard. + + + + + + + + + + + + + +I see a lot of people posting about safe withdrawal rates, sometimes going as low as 2.5%, Why is there not any discussion of how to use annuities to mitigate risk? + +&#x200B; + +For example, if I want to retire in 10 years at 65, with a $15,000/month income, an annuity would cost me about $2.7M. Using the 4% rule, I would need $4.5M. Now, clearly the $4.5M is likely to be worth much, much more than $0 when I die, but if I don't care about that (i.e. I am content at $15K/month for life), why is an annuity a bad thing? + +&#x200B; + +Just curious. +so recently we decided we want to buy our first vacation home on the other side of the country (US). unfortunately we have some serious doubts that we’re going to be able to find a move in ready house in the place that we want. so all of a sudden we find ourselves thinking about demolishing and building or heavily renovating a home to make it exactly what we want. the area is MCOL i think but the specific location and type of home we want would probably be up to 2m all in making it one of the most expensive houses in the area. this would also be one of the first things we do after pulling the trigger on fatFIRE so it’s a big commitment right after breaking our existing work based commitments. given the timing, circumstance and pricing that’s why i’m choosing to ask here vs a general RE sub. + +we’re curious if anyone has tried to do this remotely and how that experience went. how involved did you have to get in the process and how often you ended up going to the site during the building and planning. was it worth it to you in the end? any general advice or regrets? we’ve also never done a build or renovation so any advice for doing this in general would be good as well. +I wanted to get motivated to invest, so I made a game, here is how it works: + +1- List all monthly recurring costs (like subscriptions) from lowest to highest. + +2- Figure how much does each recurring item cost me per month/ year. + +3- Invest an amount that can cover the cost of each item, assuming like a 3% ROI. + +4- Cross each service I cover as "Free for life". + +Play + +Example; Apple Music, $10 a month, $120 a year, invest $4K to cross it off of the list. + +Bonus points, just for fun, the investment should be in the same company providing the service. + +&#x200B; + +Might inspire someone or give someone a better idea : ) + +&#x200B; + +**Update**: Some asked for the spreadsheet... I made a better version. here you go: [https://www.reddit.com/r/investing/comments/efkekp/since\_people\_were\_interested\_in\_free\_for\_life/?utm\_source=share&utm\_medium=web2x](https://www.reddit.com/r/investing/comments/efkekp/since_people_were_interested_in_free_for_life/?utm_source=share&utm_medium=web2x) +I’m not here to brag and I know this is a ‘problem’ that many will wish to have.. + +But big gains come with big anxiety! I’ve been grinding since 2018 but this month everything went bananas - I caught some big pumps, principally NU and ANKR just today. + +Made big money or at least big for me (more than $100k). I come from nothing and crypto change my life! + +But how do you stay level headed and grounded when you made your yearly salary in 1 trade in 1 night? + +My initial investment is out since awhile ago and I always take profits and then if I invest back I invest a bit less… Trying to make sure the gains won’t go back into the market! + +I have a bot trading stable coins so that gives some cash flow to live out of it. Other tips and tricks? What would you do moving forward? +I tried to post this on /u/rensole's thread but the stupid automod kept deleting it because it was too long. + +The part about the share recall is wrong. When you lend a share you more or less don't actually own it [1]. Shares are considered beneficially owned for the purpose of the shareholder meeting if they're owned by the record date [2]. Whoever owns the shares by the record date (4/15) has the right to vote [3]. If a share recall was to occur, they have already done so. + +This makes sense because consider the following: If I lend my share out and a short seller sells it on the open market, it would be a double vote (for 1 share) if both me *and* the person who bought the share on the open market had the right to vote; only one of us gets to vote for that individual share [4]. The only way one could have the ability to vote is to actually own the shares, which would have been done via a recall (or never lended at all), which must have been done by 4/15. + + +[1] *This is because your share is sold on the open market when it's sold short. The owner of your shares is whoever bought the share sold short.* + +[2] *"Whoever owns the shares on the record date, whether that be the initial investor or the investor that bought the shares on the open market, is the one who has voting rights." - Investopedia* + +[3] *"Depending on who has the shares during the record date, that person gets the voting right. So if the loaned-out shares are not returned to the original owner by the record date, they do not get voting rights, only the investor that bought the shares when they were loaned out from an investor's margin account for the short sale does. Again, this is part of the margin account agreement." - Investopedia, Fidelity* + +[4] *To make things simpler, imagine there is only one share in the world, and I hold it. I decide to lend it to a short seller who sells it to you on the open market. Now you own the share. If I do not call it back by the record date, you have the one vote in the world, but if I do call it back, the short purchases the share back from you, and now I own the one vote in the world. If shares lended out still counted as a vote, then both you AND I have a vote, leading to 2 total votes in a world of one share.* + +Sources: + +Investopedia : https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp + +Fidelity: https://www.reddit.com/r/fidelityinvestments/comments/mqz9ne/hot_topic_gamestop_corp_gme_proxy_voting + +--------------------------------- + +Additionally: + +I've discussed this a lot on this subreddit and I have gotten in many a debate about it. Let me clear some things up: + +*"That only applies to margin accounts."* - Short selling requires a margin account. + +*"The actual rule is 10 days."* - No, the 10 day rule is talking about how soon the record date could be placed, not about when to recall shares. + +*"You just have to own the shares by the record date."* - When your shares are lent out, you no longer own them. That's why you can lose shares if they're lent out and a borrower defaults. That's why share borrowing doesn't create extra ownership in the system. + +*"Why haven't we seen crazy price action yet? Is squeeze dead?"* - No, the thesis still remains. **All shorts must cover.** I do not know why we haven't seen any crazy price action. Maybe BlackRock recalled (only 9M shares though have voting power, which is 5M less than the 14M I saw on FINRA/Morningstar) weeks before and they just delivered over time. Maybe they used borrowed shares from ETFs. Maybe they didn't lend at all. Who knows! + +I leave you with this fun idea: **What happens when Gamestop receives ~200M (just a guess) proxy votes, despite having only 72M (or whatever it is) shares outstanding?** + +**~~I believe that there is a chance that Cohen and the gang know that this will happen, and are *counting* on it as well. If such a scenario were to arise (and this is towards the end of my knowledge, maybe someone else can share their wrinkles) a share *audit* would occur, which would force a calling back of shares like a *fucking tidal wave.~~* [Could that be why Cohen and the gang are asking people to vote as quickly as possible?](https://www.reddit.com/r/Superstonk/comments/mwmgne/important_im_sure_everyone_has_seen_that_the)** + +P.S. Enjoy the break /u/rensole! + +EDIT - Similar posts that might explain it better: + +https://www.reddit.com/r/Superstonk/comments/mwj1ko/clarification_on_gamestop_record_date_shares + +https://www.reddit.com/r/Superstonk/comments/mws33j/voting_rights_date_of_record_failure_to_deliver/?utm_source=share&utm_medium=ios_app&utm_name=iossmf (Towards the bottom). + +https://www.reddit.com/r/Superstonk/comments/mra4xq/superstonk_discussion_april_15_2021/gunvaq9/ + +EDIT 2: I was wrong about a share audit. I am still researching what happens. I believe a crypto dividend might be the only way. +My parents sold their primary residence and netted 50k. They currently rent for 1k and have a car loan/insurance that costs around $300/month. They each have a part time job where they both make around $300/wk each. My dad has a 401k for the first time and has 2k there. They also have a small pension and social security income where they get around 1k/month. They live modestly and don't have debt except for the car loan(6k). They'd like to buy a sort of vacation home where they spend half the year in a warmer climate, but they're not sure if they can wing it. They're not really sure what to do with the money and are worried about not having it if something were to come up. What should they do? + +edit: thank you all +Hi. First time poster to this sub. 31 y/o female. + +I bought my $175,000 house with my significant other in 2015. I put down $20,000 and he put down $5,000. We are both on the deed and named on our loan. The house is probably worth $230,000 now. + +He has paid about $5,000 in repairs that I can think of, maybe more, and bought a $2,000 shed that now sits on the property. He wants to sell the house and split the proceeds 50/50 or me to pay him $40,000. + +(Potential triggers ahead! — I was sexually assaulted by a coworker last year, and I did not tell my partner for a long time. I finally worked up the courage to tell him, and he reacted by saying that I cheated. Our relationship blew up and we haven’t been the same since. (Yes, I reported the perpetrator. I even got a recorded confession to some of it.) I’m currently caught in a legal process that will take about 2 years. + +Anyway, my relationship crumbled around me and my partner and I can’t seem to communicate anymore. He said that he’s trapped and wants out. I am an emotional wreck and don’t want to lose him but he is firm on his decision.) + +Partner says that he wants $40,000 to buy him out and then he will sign over the deed to me. I have about $10,000 in my checking that I could give him. I could take out a loan from my retirement savings (about $60k). I don’t want to sell the house because it is my absolute dream home, and I always thought I would live there until I couldn’t climb stairs anymore. + +What advice do you have? I feel so lost. Thank you in advance. +Planning a trip with some friends and we want to pool money to pay for the Airbnb. Is there any way we can do this without the risk of someone withdrawing everything we put in? In other words no one person can take more than they put in until it’s time to make the purchase. Seems like a simple concept but I can’t find anything online. If not any other suggestions to make this work with the least amount of risk? +Assuming $5m is fatFIRE number for Canada, the amount of people who reach that amount is very small. From [this article](https://www.thekickassentrepreneur.com/top-one-percent-of-wealth-for-canadians/), only 91,823 individual in Canada are worth $5m-$30m. **That's less than 0.3% of the population.** Not sure how this compares to the US. Kind of discouraging to think about. Compound interest and index funds exist in Canada, so what's the deal? +As many of you know, we have had historically low interest rates for a long time now. The Federal Reserve has printed money and grown their balance sheet to levels never seen before, and the US is running record deficits at the same time, during a supposed strong economy. This is obviously a cause for concern. + +I recently came across a CNBC video (yes, I know), and the guest, Byron Wien, Blackstone Private Wealth Vice Chairman, had an incredible segment where he explains this issue in just \~2 minutes. Worth a watch - [https://youtu.be/C4QjDJuyfek?t=186](https://youtu.be/C4QjDJuyfek?t=186). Even the interviewers were stunned. + +So what's the plan when the balance sheet expansion and QE4 or whatever you want to call it comes to an end? Buy gold? Buy Puts? Stay invested and average down? + +I'd love to get some discussion going on this. It's a real issue and not something that can be ignored forever. +Unsure if this is appropriate here, but it seems to fit… + +I’m a single 36M no kids, so there’s no one else to worry about but no support either… + +I’ve got at least 6 months of an EF, and can stretch to close to a year by tapping things like vacation funds and lowering lifestyle… + +Slowly been accumulating non perishable food and other necessities that don’t go bad while I still have income…have been looking into health insurance as an unemployed individual, but am unsure what else I should be trying to account for… + +I’ve got a college degree and a decade of retail management…so while I do feel confident I could find something, even if just part time, I do want to consider this could be a 3-4 month process… + +Thanks… + + + +Edit: thanks to all that have responded, way to many to get back to, though I’m trying… + +You’ve all definitely given me a lot to think about and more importantly many have made me feel encouraged… +Checked my Chase rewards section in the app this morning as it has almost been a year since I've been using it, and noticed that the cashback offer has been extended to February 28th 2023. Seems like it's not just the first 12 months! + +Edit: just got an email confirming! +Happy to add more information later as needed. Trying to keep it short. + +\*Edited to add at the top because people keep missing it\*\* + +* Originally paid via paper check because Investors Bank did not accept any other forms of payment until Feb 2020. We did indeed set up online payments directly through Investors Bank & that made matters worse. +* Cannot refinance because the condo is under very heavy construction for the next 4 months. + +Mortgage company: Investors Bank + +My credit union sends our mortgage check automatically every month 5 days before the mortgage due date. Our February payment was seemingly lost. I called on Feb 8th to ask Investors Bank why the check hadn't been cashed. They told me they haven't received it. I voiced my concern, they said to just wait until closer to Feb 15th which is when I'd be assessed a late fee. + +On Feb 14th I called again because the payment never went through. Just a few weeks ago, they had finally created a service for electronic payments so we signed up so that we could pay just in time to avoid the late fee. We worked with the customer service person to make sure that if the lost check was found, that they wouldn't cash it. I provided the date, amount, and check number. I called my credit union and paid $10 for a stop payment on the check. + +February 25th, they tried to cash the original check that was sent in late January. On February 28th, they reversed the payment and charged a $30 bounced check fee. + +I called them yesterday to remind them that we already sorted this out, they said they'd call me back about providing a refund for the $30. + +I had to call today because through the online payment service, they charged me twice for my March 1st mortgage payment. I received two confirmation emails with two payment IDs. I called the number provided on the website and was told "The online payment system is actually a third party so we can't help you. I don't have their number so I'll have to ask around and call you back." I can't log in to the online payment system either - it says my username/password combo is incorrect. When I try to reset my password, it says username doesn't exist. When I submitted a request for my username, it gave me the username I tried... The only customer service contact info they provide is for the main bank... Jesus Christ. + +While I had her on the phone I asked her if there was a follow up on the $30 reversed payment issue. She said that they rejected the request for the refund because although the customer service rep took down all of the necessary info, they would still try to cash any check that they received, no matter what. + +So 3 separate issues - 1) a lost check that was attempted to be cashed when I made an alternative payment and 2) They processed my March mortgage payment twice through their electronic payment service and 3) They have no customer service number for the online payment service which they claim is through a third party, even though it's branded as theirs with their customer service contact info. + +Are these practices in violation of any rules/regulations? Can I report this somewhere where I'll actually gain traction? I've spent probably 6 hours on the phone with the bank over the past 3 weeks trying to resolve these payment issues and I'm losing my mind because it's STILL not settled. +Earlier this week, a post claiming that $AABB was a scam gained quite a bit of traction in this subreddit. The post may have ultimately been responsible for a 66% reduction in the stock's share price. + + +It seems like the company is aware of the events that happened earlier this week on this subreddit and have dropped an official response this morning: + + +[https://finance.yahoo.com/news/asia-broadband-providers-communications-133000460.html](https://finance.yahoo.com/news/asia-broadband-providers-communications-133000460.html) +Sorry to bring in some pessimism in this optimistic run of form we are having but I have this inate nature to become a little skeptical when something good happens so was wondering this question, *what will be the signal for the death of Crypto and when will it happen if it does* + +I have some invested in various coins and definitely going to be accumulating more as time passes, but as the bag gets bigger (for example 100k plus) in the years you're going to start questioning *wait what if I suddenly lose everything, what if this entire project fails, the 5 or so years of effort and time is gone to waste* + +I know the tendancy to become more paranoid as your investment grows. This is for those who have gone in 100% into this project and slowly started accumulating that it grows by a large amount in few years. + +I don't know about everyone else but as much as I believe in something I reserve to being skeptical in nature. +Intel’s 55 call expiring this week went from .20 to .02 on tuesday ( 4 days out). +But the next week’s call didnt go down that much. Still at .50 +Next weeks calls are .2 dollars apart which is consistent. + +Any reason there is a jump in premium in next week’s call? +Was there too much call buying inferring Intel would jump in coming days? + +FYI, I am selling covered calls weekly +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Hertz announces they will place an initial order of 100,000 cars by 2022. Hertz will also be expanding its charging infrastructure. This has the downstream effect of introducing customers from one of the largest car rental companies to Tesla vehicles. + +https://www.marketwatch.com/story/tesla-stock-jumps-toward-another-record-after-hertzs-plan-to-buy-100-000-tesla-evs-11635166425 + +UPDATE: Musk confirms cars were sold at retail price. https://twitter.com/elonmusk/status/1452794619410927625?s=20 +So, here we go! + +As I read several times there could be the posibibility of maybe hitting a shareprice of several million dollars for either $GME, $AMC or whatever retards are trading with. + +Technically there is a maximum amount that can be handled by the Nasdaq since may 17 wich is at 1,844,674,407,370,955.1615 USD + +So here we have the maximum price for a hammer super Dupa short squeeze. + +Good luck you fellow retarded apes. +I like the stock of GME and blue crayons. If blue is out I take the green ones. +Hey guys, + +Just thinking out loud here. I would appreciate your feedback and experience on an approach like this: + +**Play 1:** I play 'long the market' with high vol. stocks - covered calls / CSPs / split-strangles, etc. and take $X as premium. Let's say that I book it at 0.6\*$X = Y (Profits) on a monthly basis --> 0.6 here is based on the odds in my favour (long term). + +**Play 2:** I take 20% of Y (which is 0.12\*$X) on a timely basis and buy Puts - I target a specific sector or a segment of sectors that is/are likely to suffer **A LOT** if the market were to dip by, let's say >30%. + +**Scenario 1 (most of the time):** Nothing happens, market keeps moving sideways or upwards. I gain 0.48\*$X on a regular basis (monthly). + +**Scenario 2 (Black Swan):** The market tanks >30%, and I **lose** let's say 10\*$X on my Play 1. But can I design a Play 2 such that I make something like 100\*$X on my Play 2? + +**Scenario 3 (Burn):** The market tanks between 5% and 20%, and I **lose** let's say 5\*$X on my Play 1. Can I design a Play 2 such that I make something like 10\*$X (or at least 5\*$X to break-even) on the play? + +Does any of you have practical experience with a strategy like this? The trouble is to dynamically hedge a setup like this. +That's exactly what Superstonk means to me. + + I studied macroeconomics for multiple semesters and still feel that superstonk is on of the few places where I get crushed by knowledge about macroeconomics and the financial system. + +It's an amazing place and besides my beloved company this is where I belong. So many positive vibes! + +One big thanks to all the awesome DD writers! +This is one awesome place to stay educated here. + +Buy, Hold, DRS +How nice it can feel just to wash your hands in warm soap and water. + +How to recognize that I still have it much better than many and the importance of trying to learn how to appreciate what I do have. + +Staying away from other people because you are not wearing clean clothing or have had a shower means that you isolate even more than usual. One-two punch with those suffering from mental illness and hard on anyone. + +REALLY stings the first few times you realize that people can tell you are homeless and are writing you off at a glance. + +When I wear the one set of decent pants I own and my slightly better shoes, I get treated like an average person. With what I usually wear I am basically invisible to most. + +No one chooses to live like this. It is far more brutal than I imagined, and I have it pretty good (I have a tent to keep the rain off and a camp shower). + +The value of baby wipes and good deodorant. + +Whatever you have try to share it. It means more than you might imagine. + +Anyway, you all please add your experiences. Let's normalize the conversation a bit. + +Edit: A few more things, may add more later. + +Water becomes invaluable and something you are forced to purchase and ration. Sometimes me you cook instead of bathe, etc. + +Regardless of your thoughts on the science of intermittent fasting, it has helped immensely in reducing the fear of going without food. I know I can go 48 hours without, so every meal I do get gives me at least that long if I need it to. + +I wish so much to have a pet but could never afford one. Breaks my heart everyday. + +Edit: Big thanks to u/manometry for brightening my day ! +The seller’s realtor was skeptical that it was legitimate money because my proof of origin of funds was from a crypto exchange + +Edit: Sorry I disappeared, I was buying a house! it is an investment property less than 50 miles away (and I’m not selling my home), and I’m retired so I couldn’t get a mortgage (you qualify by debt to income ratio only, assets don’t count for investment property apparently). I found out the day before closing. So I had to sell some precious bitcoin to pay cash. So yes, now I will have to pay taxes on my BTC gains, in addition to all the other taxes. Theoretically however, even if I straight up purchased with BTC, I would still have an obligation to pay taxes on the gains. +If you are in the market looking to buy a flat or a terrace house ,how would you determine if the property has good sound insulation : such as not having to hear your neighbors flushing toilets or walking or having sex or even playing music at a moderate decibel levels? + + +I guess you can't tell unless you are willing to camp out in the house for a week. + + +The worst thing is to buy a flat and hearing every sound the neighbors make when they are having sex. + +I was at a friends house in September and we could hear everything the neighbors do. And it's not like they were being excessive. + +There need to be better regulations around noise or sound proofing in UK properties. It's ridiculous currently. +Everyone in here wants to see bitcoin at 100k per coin. But what will come after that? Let's say I would only have 100 bucks to invest into bitcoin right now. It reaching 100k wouldn't even double my investment. That's why we all love to invest into smaller cap coins altough it is most often a gamble. But how high could bitcoin reach? 300k or even a million? Am I really missing out when not investing in at least a little bit of the og coin? I think the current price is a big turndown especially for newer investors? That's probably also a reason why they go into projects like doge, safemoon and shiba inu. +I saw a video a while ago about a guy ranting or explaining why he withdrew all his money and put it in a credit union but I don't remember why he did it. +In a [study by KIS Finance](https://www.kisbridgingloans.co.uk/finance-news/cryptocurrency-consumer-research-and-data-autumn-2021/), it was revealed that over two thirds of cryptocurrency investors borrowed money to make their purchase, rather than using income and/or savings. + + +Overall, more than two thirds (64%) of those who have invested in cryptos, used one or more credit facilities to do so. + + +Cryptocurrencies are highly volatile and a risky way to invest large sums of money. Bitcoin, for example, reached at all time high of more than $69,000 (£52,000 approx.) in early November. Just a month later, it is now worth just over $50,000 (£37,700 approx.) per coin. + + +That’s a drop of almost $20,000 in just a few weeks. + + +Percentage of crypto investors who used one or more credit facilities to fund purchase, by age + + +* 18 - 24: 70% +* 25 - 34: 64% +* 35 - 44: 68.9% +* 45 - 54: 62.5% +* 55 - 64: 45% +* 65+: 25% + + +As the data shows, those aged between 18 and 24 were the age group most likely to use borrowed funds to make their investment, with a significant drop of borrowers in the two highest age groups. + + +What type of credit facilities have people used to fund cryptocurrency investments? + + +When we break down what kinds of credit facilities people have used to purchase cryptocurrencies, over a third (35.5%) made their investment using a credit card. Almost a fifth (19.3%) funded the purchase out of their overdraft. + + +* Credit card: 35.5% +* Overdraft: 19.3% +* Personal loan: 14.6% +* Secured loan: 9% +* Payday loan: 7.6% +* Re-mortgage: 3.3% + + +Holly Andrews, Managing Director at [KIS Finance](https://www.kisbridgingloans.co.uk/), comments on the findings. + + +“In recent years, cryptocurrencies have become far more mainstream with tech giant PayPal now offering a cryptocurrency trading platform. + + +Although cryptos, and specifically Bitcoin, have seen people make thousands or even millions in profit; the last few weeks have shown that they are incredibly volatile and can see investors losing large percentages, or all, of what they put in very quickly. + + +It’s concerning to see that so many people have turned to borrowed funds to purchase cryptocurrencies as they are extremely unpredictable and offer no guarantees that the money invested will be returned. So, if people are investing money that isn’t theirs and subsequently losing it, this could cause some serious financial challenges later down the line. + + +The biggest concern is those who don’t have the means to pay the money back, especially if their original plan was to repay their loans with the profits made from their investment. With a very strong possibility of losing the money for good, people may be left severely out of pocket and racking up interest on their credit cards and overdrafts. Also, some credit card providers will view this type of transaction as a cash advance, meaning a cash advance fee and higher interest rate will be applied. + + +So, if you are thinking of making an investment into cryptocurrencies, you should only invest an amount of money that you can afford to lose and it should be funded through income and/or savings rather than a credit facility. + + +Borrowing money to invest in cryptos can become a very vicious cycle that’s difficult to break. Once you start losing money, it can be very tempting to invest more to make the money back; especially if you don’t have other means of repaying the funds. + + +Great care should be taken when you invest money anywhere, but especially when it’s something as volatile as cryptocurrencies. If you can, seek some professional financial advice first and never invest more than you can afford. Buying cryptocurrencies should also not be your only form of investment or savings as there is very little stability – spread your investments out and treat cryptocurrencies as a smaller, fun investment.” + + +Edit: dear my American friends, YES credit cards are debt, whether you pay it off immediately or not, it's still debt. +I am weighing on purchasing a 6 acre land that's in close to city center!, but it is land locked and may not get commercial zoning, etc. What other ideas I can use this land for if I get this land for really cheap and want to hold it for 10+ years? It has a small pond so has bit access to water. + +Throw me any wild ideas! + +Land is in Orland, FL + +Edit: half of it is Wetland/Lowland & half Ind Vacant Land -- current zoning. + +Edit1: I don't have any experience in real estate or with lands. I just have a fancy idea to own a land as farmhouse or something.. + +&#x200B; +You guys have really helped me out on my REI journey. Most of the advice given on this sub is solid after sifting through a lot of the comments and following a few select people. + +I got set up with a local bank today (only 3 branches) and they are hooking me up with a Line of Credit for two of my properties which are paid off. The LOC is for $210k @ 5% fixed but now I have the ability to offer cash and have a psuedo-100% property. + +I may keep it in the LOC and pay the principal down or try to find a lender willing to finance the property if the appraisal is high enough and I can roll the closing fees into the loan. + +I am super pumped to be able to acquire properties without having to raise any capital. I plan on upping my LOC after each property is paid up to increase my buying power. +I am weighing on purchasing a 6 acre land that's in close to city center!, but it is land locked and may not get commercial zoning, etc. What other ideas I can use this land for if I get this land for really cheap and want to hold it for 10+ years? It has a small pond so has bit access to water. + +Throw me any wild ideas! + +Land is in Orland, FL + +Edit: half of it is Wetland/Lowland & half Ind Vacant Land -- current zoning. + +Edit1: I don't have any experience in real estate or with lands. I just have a fancy idea to own a land as farmhouse or something.. + +&#x200B; +Hey guys and gals, I want to capitalize on the low interest rates but I went back to school for my doctorate and now I don't have a current work history. I work periodically part time but nothing very regular. + +I bought a duplex in 2018, for 150,000 ish using an FHA loan. Current amount is 142k on the loan. One side has been rented out for $725 the entire time (rent for similar duplexes on my street is about 800), tenant is a peach and I live in the other side. Total cost a month in mortgage, taxes/pmi is about $1300/month. + +Curious if there is a way to refi into a low interest rate (mine is 5.5%) during this time or if I just need to wait until I graduate. + +Thank you to anyone who replies. +I wanted to start a discussion after hearing Bruce speak this week, for those that don't know him. He is one of the leading data experts on real estate timing in California. Correctly predicting many of our cycles with his in depth reports "The California Comeback" - 1997 & "The California Crash" - 2006. I can't recall the name of his later reports but in 2010-2013 he was very bullish in California, suggesting we buy as much as we can get our hands on. Again, predicting the market correctly. + +He is now promoting a January event, California Real Estate: On Borrowed Time and went over the bullet points of his report he is still working on last night at the San Diego Real Estate Investors Association. There is little doubt he is now very bearish on California and national markets. When this man speaks, I listen. He is moving his money to southwest Florida where he can achieve higher cash flows from newer properties. Focusing on the growing demand for workers in the healthcare industries due to aging baby boomers. 1031 exchanging single homes in California for 2-3 new construction rental units. + +It doesn't seem like he is calling for a crash, but a period of flat values and struggles for certain assets. Similar to 1989 to 1998 when values were mostly flat, although certain types of real estate did suffer. His warnings included getting out of less desirable properties (poor location, old, etc). Avoiding luxury flips, multi units in areas where there is high competition from other multi units. + +Bruce is someone who is very focused on timing, in California that seems to be a very important aspect of investing. I wanted to see where other California investors are in regards to the current market and their thoughts moving ahead. +My family has finally decided to sell our own farmhouse in Tuscany (Italy). The property is fairly large (500sqm + 40ha of land). + +It's worth some €2M however we are not sure whether we should market it as a commercial or residential property? + +We have all elements that justify that this a revenue generating business (olive oil and wine produce, as well as B&B). + +However we do not have a strong revenue history since the property was pretty much non operational for the past 5-6 years - and that's why we sell it. + +I'm finding fairly difficult to find decent commercial property agents in my area, while there's plenty of residential's. + +Would love any advice as I'm a bit lost at the moment. + +EDIT: Since many of you guys have asked for photos, please [find them here](https://drive.google.com/folderview?id=10C-aIUdDYOyGxVjUTv2BFx_9dnucYlRD) + +The closest large city is Grosseto (30 min) followed by Montalcino (45 min, where they produce the famous Brunello) while Siena is 60 min and Florence / Chianti 90 min away. + +The last thing I expected was to find someone interested on Reddit, but i was pleasantly surprised! If you are please let's arrange a Zoom video call first to get to know each other then I can send you all property and business details that you'd like. + +EDIT 2: Thank you all so much for your advice, including those who PMed me. It breaks my heart to sell it because my father worked all of his life to build it. It wasn't easy to convince my mum. However, COVID has changed our priorities (like for many of us). Family wants to use the money to finally retire. +Cost of everything skyrocketing, no end in sight, wealth gap growing drastically.. We’ve been reading all these depressing headlines for the past 2 years straight. Is there any optimistic news or predictions whatsoever for the next 2, 3, 5, 10 years? Any glimmer of hope? Or is Bezos/someone similar going to own us and everything around us in the next decade or two? TIA. +Cost of everything skyrocketing, no end in sight, wealth gap growing drastically.. We’ve been reading all these depressing headlines for the past 2 years straight. Is there any optimistic news or predictions whatsoever for the next 2, 3, 5, 10 years? Any glimmer of hope? Or is Bezos/someone similar going to own us and everything around us in the next decade or two? TIA. +Started stacking sats in October 2017, this month was the 48th. Looking forward to the next 48 months! Its a long game folks. Hope you get some motivation of my writings as I document my journey of buying Bitcoin every month. Its not an instawealth story. Don't feel sorry for not having a large amount of Bitcoin. Do what you can to increase your ability to keep buying month after month, dip after dip, ATH after ATH. Keep at it for many many months. It will be worth it. + +[https://er-bybitcoin.com](https://er-bybitcoin.com) +TL;DR: **More than 100% of the float shorted -> HF buys a share -> gets canceled against a naked short/synthetic share -> People diamond hand -> Infinity squeeze** + +If there are more shares in existence than are supposed to be, a short squeeze is the closing of positions already sold, not the actual trading of stocks. They're buying shares to deliver to transactions already made in the past, not buying then selling. What has to happen is they then have to convince someone who purchased the stock long ago (but they just now delivered on) to then sell *back* to them, so they can deliver to someone else who purchased the stock *also* long ago. Then they have to repeat that until only 73M shares exist. + +The big and important issue is what happens if you have 74M shares that are locked (either institution, insiders, or diamond hand retail)? You cannot close out the remaining 1M position ever. Now in that situation, I can imagine them just ignoring the extra 1M FTDs (especially considering they've been cruising with potentially 100s of millions of current FTDs). But if you have 150M shares that are locked, because retail owns 100M and 50M are locked by insiders and institutions who won't sell (or can't), it gets hard to ignore 77M shares during a margin call/reconciliation. That's what creates the **infinity squeeze**. + +An easier way of thinking about it is if the SI is over 100%, they're not even buying shares; they're paying us to close out our positions. If they have an open short position of 100M shares, then every time they buy a share it lowers their open short position, and they don't get a single share until their entire short position hits zero. It's like they took out a loan but the interest rate is 10,000,000%. + +# But then you might think about it and say something like: + +SI Might be over 100%, but some of the current owners of real shares will sell into that escalating market during the squeeze. And that means real shares will be circulating as well as a lot more fakes. Millions of real shares, probably, since not everyone or every institution is going to diamond hand. + +If that's the case then it's *still* possible for them to buy, cover, the lender sell his newly covered shares, and the shorts buy and cover again. The deeper they are short the less this will matter, but it surely, inevitably means two things: + +1. They **can** cover without buying every single share available in the market no matter how short they are +2. In which case, **the most expensive shares won't be traded**, and those people will end up being bagholders + +If that's still correct, despite the > 100% short scenario, then **we can't just set a price and guarantee we get it.** + +# Let me explain + +You are correct in that SI doesn't matter, but it matters what portion of SI% is diamond-handed. That's why retail ownership is such an important number (if we consider retail as diamond handing for a while). Don't treat any individual share as real or fake. They aren't flagged as such. In the aggregate there are 73M real shares and X total shares, and there is nothing to differentiate the real or fake. The equation is simply that shorts must reduce the number of shares in the market to 73M. If there are 200M shares in the market, shorts must buy 127M shares to reduce their short position. Of those 127M shares, if any are "re-traded" then the short position nets to zero and remains open (someone else takes the position.) + +On a firm by firm basis, if you have a short position, when you rebuy shares, they either go back to who you lent it from (the borrower), or they close an IOU (a naked short position, which is like borrowing from the future or borrowing something that doesn't exist). + +In the former case, the borrower can then sell you their shares (now shorties are buying twice) so you can cover other borrowed shares or naked short positions. But in the latter case, the share isn't being returned: it's closing out an IOU position. That share simply disappears from the market. + +**The important part is that at a firm level, you can close out short positions with synthetic shares, but on a macro level, using fake shares simply shifts the short debt to another firm (whoever sold the naked shares). So on a market level, it nets to zero.** + +The theory is that if retail has over 100% ownership of GME, theoretically if no one sold, shorts could never close out all their positions. Shorts can buy from institutions, but after all that buying, if retail owns 150% of GME shares, they can't close the remaining 50% of excess, because they've already exhausted the institutions and insiders. + +Is this the case? We don't know, but the higher the SI%, the lower the tradeable float, and if 74M shares simply cease to trade, then the tradeable float, for all intents and purposes, is zero. At that point, they're simply closing IOUs in the aggregate, (buying them back) from anyone who sells. + +The ideal situation however isn't having only 1M over the max shares locked, but more. Shorts will have to get close to 73M shares remaining in the market when all is said and done, so if diamond hands can even secure 50M shares, it makes the squeeze last a lot longer. If diamond hands secure over 73M shares, it means it's impossible to close the position, so they'll need to keep offering higher prices to convince people to sell. If diamond hands have over 100M shares, it's going to cost a lot of money to convince them to sell. + +The more we hold, the more leverage we have over the price. No single party will be able to dictate price, but if retail holds the majority of GME, then when the squeeze comes, retail will have the majority of leverage (as long as the GME SI% is high enough). + +If GME SI% is only 100%, and therefore retail only owns a small portion, we're going to have very minimal leverage. But if GME SI% is several hundred percent, and we hold 50M-100M+ shares, we gain incredible leverage. + +It's not the same leverage as if an institution were to have that much ownership over a company because we're many different individuals, but it is significant leverage nonetheless. + +This is not financial advice, credit to [/u/Gwaak](https://www.reddit.com/u/Gwaak/) +Hi AF, posting here for some advice on what to do in my situation. + +I'm 23m, currently living at home with my parents and we get along pretty well however I started a new job earning about 80K pa that's pretty far away from me, about a 3 hour commute daily round trip. + +I'm thinking of living closer to work, the 3bd townhouse I'm looking at I would be sharing with 2 others for $200/wk bills including bills and would be a 15 minute walk from work so I'd save about 2.5 hours a day. + +Do you think I should move out or just deal with the 3 hour commute? I should add that I'm a contractor so the contract would only be for 6 months, I could probably extend it but I will most likely look for a different contract after. + +What would you do in my situation? Cheers. +Thanks +Edit - so what happens if my finance gets approved in a week but then Westpac delays settlement (apparently they are notorious with getting their shit in a row) - do I lose my deposit or is there a penalty? +If your Uber driver giving you stock picks is a sign of a market top, perhaps the fact that this sub has emptied out is a sign of a bottom. + +Personally I'm sitting tight, accumulating cash and watching for bases to form in stuff I want to buy. I actually picked up some QQQ at the end of last week. +Sorry to be a downer, I have done a good job to date with the FIRE journey (I was doing something similar before I recently discovered this subreddit/movement), but now I’m at a point where saving is becoming very difficult due to rising costs and the stress of trying to keep my aggressive saving targets is putting pressure on my family. It’s a story for another time, but my dad lived his own version of FIRE and it eventually tore my parents apart. I want FIRE but need to avoid his mistakes. I’m sure I’m not alone, so please be constructive. + +Edit: Thank you for so many great, supportive comments and ideas. This really helped clear my mind and also uncovered a few issues I wasn’t paying attention to. Here are my main take aways: + +- I’m feeling better than I’m on a good track and don’t need to be quite so strict. + +- I learned I’m not too far from coasting FIRE which feels good and takes some pressure off. + +- Happiness comes first, without that, what’s the point of any of this. Without focusing on happiness there’s a good chance you either don’t make it, or life will still suck when you do. + +- I’m going to explore therapy, never thought a finance sub would lead me there, but I think I need it. I already signed up for some mindfulness sessions with a guy at work which might be enough. We’ll see. + +- I’m having a “business” meeting with my wife this weekend to work out our real priorities and what we both want and need. Then go build that. FI and RE will follow that. + +- I don’t necessarily need to RE. I just want FI for peace of mind. Arbitrarily measuring my success on retiring in my 40s or 50 isn’t that meaningful. + +- I might just try a “Year of the Dragon” once I bank most of my next bonus and see whether it really changes my life or perspective. + +There’s a lot to think about, but it’s liberating to know I’m already ahead because I’ve been practicing FIRE for so long and that a break or a relaxing of my budget isn’t the end of the world. + +Thanks all for your words, good luck with your journeys and see you around! +My girlfriend and I bought a used 2008 BMW 328i in August. The financed amount was $8,000. Before we signed, I had the dealership run codes to ensure that everything was okay internally. We got the car fax, and the car only had one owner who put on 76,000 miles on the car. I just accepted a management position in a town about 55 miles from my house, and I was driving a Dodge Durango before I took that position. My Durango cost me about $120 a week in gas. It was killing me. I estimated that the BMW would cost around $50 a week. With all things considered, we thought we were getting a great deal, and would end up saving money in the long run. The operative word is THOUGHT. Full disclosure, I do not know anything about cars mechanically. I am totally ignorant to them. + +One week after driving off the lot with my new car, it began to idle incredibly rough and my service engine light came on. The RPMs would shoot up and down at red lights, it would struggle to gain power when accelerating on the interstate, and the engine made concerning sounds. + +I took it back to the dealer the same day the symptoms started and expressed my frustration. They referred me to a mechanic shop that they use almost solely and that would give me a “great deal” if I mention Paul’s Auto. + +I get to the mechanic shop and they run the codes. Turns out my first coil went out. The mechanic quoted me at $85 per coil, and said if you replace one you must replace all six. He said he would also need to replace all six spark plugs at $9 each; totaling $564 in parts alone. He then went on to say that with my particular engine it would take hours (around 3) to just get to the coils, an additional 2 hours to replace them, and then about 2 hours to put it all back together, totaling 7 to 8 labor hours at $55 per hour. He gave me an even quote of $1,000. I guess he took off $4 out of the kindness of his heart... + +The amount of stress this caused me was through the roof. I live paycheck to paycheck currently, and there was just absolutely no way I could pay that. I left feeling super dejected in my sputtering car. + +I’m not going to lie, my anxiety about the amount of money it would take to fix my car made me freeze. I tried to ignore my car’s issues. Admittedly, I allowed myself to drive that car with at least the first coil being bad for about 3,000 miles. PLEASE DONT LET YOUR ANXIETY TURN A FEW HUNDRED DOLLAR PROBLEM INTO A FEW THOUSAND DOLLAR PROBLEM. + +I decided that I needed to bite the bullet and take care of my car before it completely stopped working. The sputtering got worse and more violent. I began to do research. I read and watched YouTube videos. Again, I’m not mechanically inclined. As bad as this may sound, I’ve never even changed my own oil. Turns out, the mechanic was completely full of it. Surprise... Surprise. + +I called autozone after I did my research and decided that I was going to fix it myself! They quoted me at $260 for a coil pack of 6 with a lifetime warranty. I looked on amazon and found a similar brand with the same lifetime warranty for $160. I asked if they would be willing to price match, and they did! They price match anything from amazon, as long as the warranties match. +I also bought 6 higher end spark plugs from them for $5 a piece, as they again price matched for me. + +Overall, I spent $190 on the parts. I followed the videos step by step, and I am proud to say that I fixed my car. It has never performed better and has never been so smooth. I got the codes read out again and there is nothing wrong with it. I did everything right. It only took me about two hours from start to finish. The mechanic quoted me at 7 to 8 for a professional. Needless to say, I am writing a review about their business practices to warn others. + +I could not be more proud of myself. I foolishly almost allowed a small financial hiccup to turn into a full on financial disaster due to anxiety and ignorance. I even was able to convince my 11 year old son to help me and we bonded tremendously during the fix. I cannot describe how great I feel about myself and how this all turned out. + +**TL;DR: **Coil pack went out in my new but used car. Mechanic quoted me at $1,000 to fix it. After I got my anxiety fixed, I did my research and purchased the parts for $190 (6 coils; 6 spark plugs) as autozone price matches amazon if the warranties match. Without ever even so much as changing my own oil, I Fixed it in two hours while bonding with my 11 year old son and I couldn’t be more proud. I’m thankful that a few hundred dollar problem did not turn into a few thousand dollar problem. + + + + + + + +Article here: https://www.pionline.com/money-management/resolute-take-majority-ownership-ark-investment-management + +What does this really mean for someone who's investing with ARK? How do folks think this will impact their ETF performance? I'm a fan of the active management and good returns with ARK and hope this doesn't negativity impact that, considering the CEO of ARK is against this merger. +I currently trade stocks and stock options but I'm slowly noticing that most pro traders exclusively trade futures. + +So, thinking about getting into futures trading, not necessarily futures options but just futures. Thinking about starting with just trading MESZ22. + +Any advice for a intermediate stock/stock options trader trying to get into futures and some smaller micro futures similar to MES? + +Also, a platform recommendations would be great too since my current broker doesn't offer futures trading. + +EDIT: wow this really blew up! Thanks for all the advice everyone. If anyone is interested in starting a small discord channel or chat group to discuss futures trading for beginners, DM me and let's make a small group where we can learn from each other. +A recession by definition is 2 consecutive quarters of negative GDP growth. Since the 1940s, there has been 11 recessions by this definition. The constant vibe is if we go into a recession, stocks must drop 35% right? 2008 all over again and I want to be the smartest person around and sell right before. + +In fact, 6/11 recessions since 1940s had positive S&P 500 returns during the average 11 months they lasted. 3/2001 to 11/2001 lasted 8 months and market was -2%. 7/1990 to 3/1991, the market returned 5%. The market was up 17% during a recession in 1960-61. + +Of course the worst performance was 2007-2009. So could we run into flat or negative markets, absolutely. A recession though is not this fool proof indicator of massive stock drops. +I’ve seen 100 videos and quotes by all these “millionaires” that always claim that getting the first 100k is hell but then the first 1 million comes easy and quickly. I want to know has anyone here actually had that experience, and if so how did you do it? +I’ve invested heavily (for me) in real estate worth somewhere around 1m now + +and have somewhere around 250k in brokerage + +Cash around 100k + +Looking forward to your thoughts. +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. + +https://www.bloomberg.com/opinion/articles/2019-11-12/social-security-isn-t-doomed-for-younger-generations?utm_content=economics&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-economics + +This article popped up and changed my mind a bit on the topic of Social Security. A lot of people here account for zero dollars coming their way through Social Security on their retirement number, and I have been doing the same. + +I am not sure if this is enough for me to change my FI number, but I was curious what people's thoughts were. It is nice to see a more sober treatment of SS than the panicking on Social Security's solvency. +I'll retire early with a big nest egg, and draw it down to near $0.00 before I withdraw from my retirement accounts at 59.5, draw from my pension at 65, and collect SS at 70 + +Looks like some real slim years in my late 50s. Anyone else's models look like this? Anyone else planning to spend down a nest egg in the "coast" years? + +Edit: SS at 70, not 72. Thanks for clarifying everyone +I'm checking my portfolio all times of the day and it's driving me mad. Every day I go to bed and tell myself that tomorrow I'm only going to check if I get an alert (for positions that increase or decrease 7.5%), and lo and behold rather than getting peace and quiet, my Tesla stock sends me mad alerts multiple days of multiple weeks. + +Instead of putting my phone down after checking my portfolio, I proceed to spend the entirety of the day researching the sentiment of the stock market. I have a life, or at least I thought I did, but now all I do is check my stocks. + +Does anyone have words of wisdom on how I can be a sane person again? +So we’re approved for over $750k on a mortgage. + +The lender is kinda pushing the fact we should be spending way more than the $200k we’re aiming for. Saying how we won’t be happy, it’ll be a mistake, good ol’ fashion “I told you so.” + +We don’t live a luxurious lifestyle, we’re happier sleeping out of tents in the mountains than at home so we don’t want to spend a ton on a house and be “mortgage broke.” We both took 3 months off this year to kinda just chill and do some skiing. With a fat mortgage we wouldn’t be able to do that. We want the flexibility of being able to leave the house for months/years at a time to travel and not have it be a monthly burden. The lender is at this point being disrespectful. I get it’s their job to upsell as they make more money on the larger sum we borrow. It’s our first time, so I’m not sure if this is how they all are or not. + +Any insight? I’m thinking about switching lenders, mind you it’s the same institution that I do all of my banking. +I recently read [this](https://poseidon01.ssrn.com/delivery.php?ID=362104126089102064122102098021077124050050034063008064066127013031026105112117073089098124053005104010109116067098113084122077104015058046044079006012125078021005064090081060009031100117025090119088094023113068086024094019098123126100015125007094118083&EXT=pdf) paper that compares various strategies and concludes that trend-following is only one of the two strategies (along with Fama-French's HML) that can deliver pure alpha in the market. 'Pure alpha' is defined as high Sharpe Ratios without high tail risk or high negative skewness. + +Looking to find the latest research regarding trend-following. Anyone know how I can find it or care to share the research here? + +Thanks. +Over the last few weeks alot of things have happened. + +Mod Drama blown up, the recent Ortex Data Fail/Glitch, Credit Suisse seemingly falling off the rails and low/high volume days. + +While its too early to report on what happened in _another_ subreddit, let me be clear: We see an increase in activity, aimed at spreading misinformation, Fear, Doubt and direct involvement of mods, the chats and even losing access to some moderator accounts. + +#Everybody can and should prepare now, this is not a test + +First: Changing the password on reddit (and maybe Discord, Broker and Transfer Agent), marking the box for "log out all other devices" + +Second: Enabling 2FA on all important accounts + +Third: If you have DRS'd your shares and you - like me - only buy trough Computershare directly and dont transfer, consider to change your adress/name in the Transfer Agent Account. Carefull, transfering additional shares will be rejected, because, duh, diffrent data sets. + +It seems the only good way to prevent your broker from pulling your shares is by having 2 sets of data that dont match. Your broker might want to pull them but any letter, any little diviation will cause it to fail. + +Again. You should NOT change your legal name for payment reasons. Adding my middle name makes the CS Data just complete but diffrent from my Broker. + +#This is a rumor since months, its not something I expect, but its always good to be extra safe + +Easiet way is to replace Street with Str., Adding which Apartment you live in or replacing all lowercase L with uppercase i (could be more tricky tho), looks the same, arrives still at home, doesnt match the data. Adding your middle name, spelling it still legally correctly but instead of ä you use ae etc, ... All this to have two sets of adresses, that look the same but arent. + +#Again, its low risk but we dont know what will happen when they feel either risk reputation or our company + +You should also change your Transfer Agent password. I think all of this should be done via a Virtual Box, installing a Linux version and typing in the password via the virtual keyboard if you want to be extra sure, while surfing on a VPN. But thats just me. + +Secure your reddit account so others cant steal it and spread FUD. Secure your shares so they cant be yoinked. + +Stay safe out there. I feel like a Wave is comming +My FIRE date is now about 7-10 years away. I'm considering a $320k mortgage on a $400k listed home after a 20% down payment on a home. I have two quotes, a 15 year @ 2% and a 30 year at 2.5%. (Moving from Bay Area to L/MCOL area.) + +The 2% 15 year is $2,059/mo. A 2.5% 30 year is $1,264. My income is $15k/mo after taxes, so both are extremely easy affordable. + +I'll look at a FIRE date of 10 years and a typical FIRE date of 15 years. + +Normally I'm an "invest the difference" kind of guy. It should be easy to find an investment that yields more than 2.5%, right? However, the 15 year is so cheap in monthly payment too, which quite frankly, is rare. It's tempting me. The $1,264/mo payment stream at a 3% SWR is $505,600 nominal to avoid sequence of returns risk. That is a lot of portfolio to carry around that investing the difference may not overcome. + +Investing the difference may or may not pay off either - I'll be using cherrypicked dates and investing in 100% stocks in VFINX - Vanguard's S&P 500 index fund. (For today - why invest in 1.5% bonds when you have a 2-2.5% mortgage to tackle?). + +# Mortgage Payoff Results +At year 10 of the 15-year mortgage the payoff is $117,483.53 +At year 10 of the 30-year mortgage the payoff is $238,606.83 + +At year 15 of the 15-year mortgage the payoff is $0. +At year 15 of the 30-year mortgage the payoff is $189,622.47 + +# Investment Results of Investing the $795/mo Difference + +1985 - 10 years later: $173,324 +2000 - 10 years later: $98,854 +2002 - 10 years later: $122,926 + +1985 - 15 years later: $646,159 - wow, over our SWR value! +2000 - 15 years later: $272,352 +2002 - 15 years later: $299,635 + +10 years cost basis: $95,400 +15 years cost basis: $143,100 + +# Lots of Math figuring out after-tax payoff values +Under the worst case year 2000 stock market case we're at: +238,606.83 30 year payoff - ((98,854-95400) *.85 + 95400)= 140,270.93. +117,483.53 15-year payoff -140,270.93 = -22,787.4 worse than the 15 year mortgage. + +Year 2002: $119,809.73 payoff after taxes, -2,326.2 worse than the 15-year mortgage - break even. +Year 1985: $76,971.43 payoff after taxes, $40,512.1 BETTER than the 15-year mortgage. + +All 3 portfolios have returned higher than the year 15 payoff. I'll just focus on the worst case and see if the taxes can possibly change the result: + +238,606.83 - ((272,352 -143,100) *.85 + 143,100) = -14,357.37 payoff amount (credit). We're AHEAD $14,357 by investing the difference. + +# TL;DR + +Invest the difference 10 years - 1985 start date - Huge winner +Invest the difference 10 years - 2000 start date - Huge loser +Invest the difference 10 years - 2002 start date - Breakeven + +Invest the difference 15 years - 1985 start date - WINNER CHICKEN DINNER - SWR hit +Invest the difference 15 years - 2000 start date - Winner +Invest the difference 15 years - 2002 start date - Winner + +A 15 year mortgage really warrants consideration if it's affordable, and your FIRE date is under 10 years. If given enough time, yes, it is mathematically advantageous to invest in the difference, but the shorter you're desiring a paid off house before your FI date to avoid a much higher SWR requirement, the more advantageous the 15 year becomes compared to the short-term possible riskiness of the stock market (or buying the $400k house in cash vs keeping a $505k portfolio invested in SWR terms). + +Going through this exercise made me re-think the 15 year mortgage for my FIRE goals. +Guess who’s back? + +&#x200B; + +https://preview.redd.it/4uha6q1e4pc71.png?width=474&format=png&auto=webp&s=24a8335201d3a64e23978335cb8c45b7e1861900 + +&#x200B; + +Back from taking my board exams to lay some slick BCBApe shit on ya cause I passed.... + +That being said none of this shit has to do with that....but let's analyze some of this fucking shit I found thanks to [u/fewdea](https://www.reddit.com/u/fewdea/) and [u/snoo\_75309](https://www.reddit.com/u/snoo_75309/) + +# Uno (Mas Escondite) + +I ran across [this ](https://www.reddit.com/r/Superstonk/comments/oovqze/whats_the_deal_with_selling_a_leased_car/h61vomz/?context=3)post earlier by [u/fewdea](https://www.reddit.com/u/fewdea/) where they mentioned that they went to sell their car to a used car company (guess they serve pancakes too?). When they went there a sign was up stating that the company was only able to buy cars back from folks who did not use specific lenders. + +Financiers aren't letting people buy assets upon which loans are based because they then would have to turn that cash (which is a liability) over. + +Remember [u/criand](https://www.reddit.com/u/criand/) and [u/attobit](https://www.reddit.com/u/attobit/) talking about Citadel losing their clothes and cash being a fucking liability? + +Hang in there with me. + +[u/Snoo\_75309](https://www.reddit.com/u/Snoo_75309/) went on to question in a comment: + +>“I am a little confused though, i know cash is a liability for banks when it's their customers deposits, but cash from a sale of an asset the bank owns? I guess they're using deposits to invest in car loans that makes sense, because once they deposit the cash if it was deposit $ it becomes a liability vs an auto backed securities can be used as collateral for cash if the banks need the cash.” + +Cash is a liability regardless of where it came from. It’s almost like they have a place to keep their assets without worrying of inflation or having someone come after it….you know….. + +Feel similar? + +Yall. We see Reverse Repos every day regarding The Treasury. They don’t want to hold on to the cash so they are utilizing Reverse Repos (it aint a proper noun, but shit at this point I’m making it one). + +Am I saying this is the same as Reverse Repos. + +Absolutely hell fucking no. I’m saying this is another place for them to hide wealth and another way they are fucking our economy like..hmmmmmm Mortgage Backed Securities.... Shittily so because a car owner under an Automobile Loan (gonna call this a proper noun too and just capitalize on it...heh heh.) can’t sell their car/the automobile loan to get any equity out of what they may have in the car. + +# Dos: El Coche + +Let thine eyes not deceive you. + +[Insights - Auto Asset-Backed Securities (diamond-hill.com)](https://www.diamond-hill.com/insights/a-152/auto-asset-backed-securities.fs) + +Lookie lookie. Here is a breakdown of the Security Structure Breakdown for 2017 and 2019 + +&#x200B; + +https://preview.redd.it/md42eso84pc71.png?width=1244&format=png&auto=webp&s=7ce6c9c6e8245d68b5882a2a171a8cb33e09e8c0 + +&#x200B; + +https://preview.redd.it/w5iairt94pc71.png?width=1067&format=png&auto=webp&s=8cc3b3814176cb686c3fa74cf2d8a63600bab131 + +What’s insane is that they even went on to say that OHHHHH iTs NoT liKE tHe BiG sHoRt… + +&#x200B; + +https://preview.redd.it/epe28h9b4pc71.png?width=1156&format=png&auto=webp&s=ed08a31bfcc9cd43d8f037ecc2c33c4a3b257a87 + +Not like the big short? + +[Even when a Law Firm Has a website dedicated to this shit?](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/) + +# Tres: Avion de Bombardeo + +Remember this is a place they’re hiding assets, just as I found numerous major fucking banks jumped in together to buy a fucking AIRPLANE WAREHOUSE that cost 2 BILLION FUCKING DOLLARS. + +I was going to post a link to the article. But some assholes are gonna shout conspiracy so let me just quote the hell of it all so you’re not dissuaded from linking. + +[This was from Business Wire on April 27th:](https://www.businesswire.com/news/home/20210426005957/en/Griffin-Global-Asset-Management-Closes-1-Billion-Warehouse-Facility) + +>“DUBLIN--(BUSINESS WIRE)--Griffin Global Asset Management DAC and Griffin Global Asset Management (Servicer) LLC (together, “Griffin”) announced today that on April 23, 2021 Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC (together, the “Borrowers”), closed a five-year senior secured warehouse facility with an initial committed amount of $1,000,000,0000 (the “Facility”). The Borrowers were jointly established by Griffin and funds managed by Bain Capital Credit, L.P. as part of a joint venture focused on building a diversified aviation portfolio in conjunction with a world-class commercial aviation leasing and alternative asset management platform. +> +>The Facility includes innovations that provide the Borrowers with maximum flexibility to offer its airline partners a variety of financing solutions, ranging from operating leases to finance leases to direct loans across a diverse spectrum of asset types and ages. The Facility is also unique in providing more flexibility on concentrations of certain airline exposure than a traditional warehouse facility, providing the joint venture with a powerful bridging tool to long-term capital markets solutions. +> +>“We are grateful for the support from our banks as we grow the Griffin platform into a leader in the aircraft leasing and financing sector. This warehouse facility has significant capacity and flexibility that will allow us to create customized capital solutions for our airline customers going forward,” said Ryan McKenna, Founder and Chief Executive Officer of Griffin. +> +>“Developing this warehouse facility was a collaborative process with our lending partners and resulted in a first-of-its-kind facility in the aviation industry. The overwhelming support from these seven financial institutions is very meaningful as the growth of Griffin accelerates. Going forward, we will continue to create innovative financial products that will meet the evolving needs of the airlines and OEMs in this dynamic market,” said John Beekman, Chief Financial Officer of Griffin. +> +>Goldman Sachs acted as the structuring agent for the Facility. Initial commitments for the facility were provided by Goldman Sachs, Barclays Bank PLC, Mizuho Americas, Morgan Stanley, Wells Fargo Bank, National Association, Bank of America, N.A. and Deutsche Bank AG, New York Branch. +> +>Hughes Hubbard & Reed LLP acted as U.S. legal advisors to Griffin and the Borrowers, Milbank LLP acted as legal advisors to the Lenders, Maples and Calder (Ireland) LLP acted as Irish legal advisors for the Borrowers, Maples and Calder (Cayman) LLP acted as Cayman Islands legal advisors for the Borrowers, A&L Goodbody LLP acted as Irish legal advisors to Griffin and PWC acted as Irish tax advisors for Griffin and the Borrowers. UMB Bank, N.A. is acting as the administrative agent and the security trustee. +> +>About Griffin Global Asset Management +> +>Griffin is a commercial aircraft leasing and alternative asset management business with offices in Dublin, Ireland and Los Angeles, USA. Griffin’s team of aviation professionals works closely with airlines, OEMs, and financiers to deliver customized fleet solutions and innovative financing products to airlines globally. +> +>For more information, please visit [www.griffingam.ie](http://www.griffingam.ie/) or [www.griffingam.com](http://www.griffingam.com/).” + +Frackin hell, please go back and read my other juice if you’re having a hard time following this. I’m almost certain this Griffin Global Asset Management is one of KGs spinoffs like KP Holdings. + +Think I’m just fucking around? + +[Some Moody Ass Bitch downgraded a hell of alot of Aviation Backed Securities back in January….](https://www.moodys.com/research/Moodys-downgrades-Aviation-Capital-Group-Trust-II-aircraft-lease-backed--PR_270395) + +&#x200B; + +https://preview.redd.it/0pnvtob64pc71.png?width=1874&format=png&auto=webp&s=3650797f611c432e46d850cb44e18a25c7fbbb74 + +&#x200B; + +Hahaha awwww that’s soooooo [Fitch](https://www.fitchratings.com/research/structured-finance/37-of-aviation-abs-notes-downgraded-slow-recovery-credit-negative-in-2020-21-08-10-2020). + +&#x200B; + +https://preview.redd.it/2rt7jv454pc71.png?width=1920&format=png&auto=webp&s=5c742f5904e0ef4ec83bed749508ac6707c5301f + +Even BloomTurd dropped something on this shit: + +[Aircraft-Lease Bonds Draw High Demand as Investors Seek Yield - Bloomberg](https://www.bloomberg.com/news/articles/2021-01-21/aircraft-backed-bonds-draw-heavy-demand-as-investors-seek-yield) + +&#x200B; + +https://preview.redd.it/z7h6xug34pc71.png?width=1911&format=png&auto=webp&s=339f43be78f49eb2e4ee2f0a1ece16d044d3636c + +Notice how CastleLake just sold 595 MILLION DOLLARS backed by aviation bonds!!!!! Look at the headlines/links off to the top left. + +“Castlelake’s ABS adds safeguards to mitigate Covid uncertainty” + +“Bonds were nearly ten times over subscribed, investor says” + +That is contradictory as fuck. + +Now….at the bottom look who led the transaction? + +&#x200B; + +https://preview.redd.it/qybvkl624pc71.png?width=1914&format=png&auto=webp&s=cf32cf8b3ba4787e57348773d2065a0690e3cad2 + +&#x200B; + +https://preview.redd.it/cp84z2pz3pc71.png?width=1915&format=png&auto=webp&s=5a6a6336d7144c8e58f6fce7c86cc8754beca4c8 + +&#x200B; + +# Cuatro: La Casa + +[u/Fewdea](https://www.reddit.com/u/Fewdea/) dug a little and also found that there were [Rental Backed Securities](https://www.washingtonpost.com/news/wonk/wp/2013/11/08/wall-street-figured-out-how-to-securitize-your-rent-should-you-worry/) that even awful MSM shouted about back in 2013. + +Don’t believe there are Rental Backed Securities? Well [Penn State sure as fucking hell does.](https://www.smeal.psu.edu/ires/documents/single-family-rental-securitizations-spring-2015) + +&#x200B; + +https://preview.redd.it/lhpzyq2v3pc71.png?width=697&format=png&auto=webp&s=8c16a47842c489276770bb1f2382222f9ea36339 + +^(Just gonna throw some more information in here that I’m really not sure what the fuck to make of:) + +^(Guess who was buying up rental properties and using them as Rental Backed Securities? Blackstone. Guess who is still buying up rental properties like a dog licking their owners plate? Blackstone.) + +^(Blackstone even went so far as to acquire) [^(Home Partners of America.)](https://www.nasdaq.com/articles/blackstone-to-acquire-home-partners-of-america-for-%246b-2021-06-23) + +^(Here’s some more about Blackstone’s RBS) [^(dealings)](https://www.ft.com/content/d5fd71ce-43cd-11e3-9438-00144feabdc0#axzz2jcfcy9OK)^(. Guess what? Apparently they’re also AAA rated.) + +# tldr; SOME FUCKY SHIT HAPPENIN'. We have seen them destroy with Mortgage Backed Securities. Now we are seeing them fuck shit up with Commercial MBS, Aviation BS, Auto BS, and now fucking Rental BS. +Immigrant here came to the states at 3 years old currently living in Chicago,IL. Father recently passed away we grew up poor and i had to spend a good amount of money covering the funeral and some of his sideway illegeitmate business debts for my mothers sake. I expect no inherritance from my mothers side either. I used to have a dream about retiring early but for right now ive put that aside mentally. Growing up poor has made me i want to do things right and sicne my fathers passing and see what it did to my mother and my family ... im wondering if im doing things right am i missing something ? + +Expenses: Rent, groceries, subscriptions, hair cut, bills cost me about :$ 2500/month + +Base Salary 55K (2% raise every year) after commision i average about 100k-120k/year. + +401k :$50k ( company offers no match ) I have 5 % of my paycheck go this right now.Traditional IRA: 13k ( i only recently started this i plan on contributing the max every year if possible.) + +House Fund: $30k (hoping to get to this 50k by age 31 so i can put down 10 % on a house using an FHA first time home buyer loan on a 500k house in chicago.)Emergency Fund: $18k hoping to get this to 25k by age 31 ( dont anticipate having to use this really.... but thats why its called an emergency fund i have in a 90% bonds/ 10% stocks portfolio) + +Stocks: $90k I manage this on my own where i think thats the part that has become stressfull ive made some chunky returns but its taken up mental real estate and thinking about just handing this over to a financial inverstment planner so i dont have to think about it. +Zero Debt like no credit card or student loan debt.I have a 2013 Dodge Dart wth 110k miles on it i plan on running this car to the ground. Im not a new car type of guy. + +My company does not have an HSA it has an FSA is that something i should be contributing to ? + +Am i missing something ? any advice ? Time to go see a thereapist or a financial planner about this stuff? Moneys never tight but im always on edge about planning. +My father is getting older and he has always been a European car enthusiast. I am considering taking him to Europe next Summer with intent to do a AMG/BMW/Porsche driving experience. At least 2-day luxury itinerary. My research so far indicates ~$5kpp. Anybody have any recommendations? Does not necessarily need to be organized directly by the automaker. +I'm normally a value investor and I park about $1000 every month into the same 5-6 stocks I've done careful research about - all of these are well established companies with no debt, steadily increasing annual revenues and some even pay dividend. + +I don't have anything against penny stocks on principle, however I always do my research before investing even a cent so I ran an experiment on the top mentioned penny stocks on this sub reddit. Literally all I did was the following, I went on Yahoo Finance and checked 1) what revenues have the companies made in the last 3-5 years, 2) have they made any net profit and 3) whether they have any significant debt. Below is my assessment on three stocks from different sectors. + +ATOS - have never made a profit, same approx. net loss every year since 2017. I guess the only promising thing they have are potential breakthroughs in the future because the rest of the company looks pretty much worthless. + +SPRT - a bloody software support company that hasn't made profit reliably for a long time? I would be lying if this wasn't one of the worst financials I've seen recently with absolutely zero upside prospects. Would be interested genuinely in what people see in this company. + +ABML - a mining company in some difficulties apparently, no net profit since 2017. + +Let me know if you agree with this assessment. + +Ideally I would be looking for a penny stock which has the following characteristics. +1) Growing revenue with every year (even if the total revenue is very small). +2) Increasing net profit or at least promise to show some profit in the next 1-2 years. +3) No large debt. + +The reason why I'm after these 3 characteristics is because if a company wants to survive long term you need to be able to grow the company, make profit and not go bankrupt in the process! +[Vanguard slashes the price of financial advice](https://www.thisismoney.co.uk/money/investing/article-9482093/Vanguard-slashes-price-financial-advice.html) + +US investment giant Vanguard aims to shake up the financial advice market with the launch of a cut-price service tomorrow. + +Already known for low fees for its funds, which track markets rather than using skilled managers to pick investments, Vanguard will charge 0.79 per cent a year for financial advice – including the cost of the investment funds and platform fee. + +The move could send shockwaves through an industry where the fees of fund managers and financial advisers often add up to more than double this. + +Traditional financial advisers charge an initial fee of 2.4 per cent, followed by 1.9 per cent a year in fund and advice costs on average, according to the Financial Conduct Authority. + +Vanguard, the world's second largest asset manager, could also grab billions of pounds in business from the estimated nine out of ten people who do not currently get any financial advice – often because they fear they can't afford it. + +Sean Hagerty, head of Vanguard Europe, says: 'For many investors the cost of advice is a barrier – it is not uncommon to see total fund management and advice costs of more than 2 per cent.' + +Vanguard's service will not be as comprehensive as offered by independent financial advisers. + +For example, its advice does not cover inheritance tax planning, property and other assets and insurance products. + +It also does not enable savers to buy funds aside from its own. + +For savers with complex finances, specific goals, or who want plenty of support, an independent financial adviser could still be the best solution. But for savers with straightforward finances, the Vanguard service could be ample. + +This is not the first time Vanguard has thrown down the gauntlet to the financial industry with rock-bottom prices. + +In 2017, it launched an online investment service costing just 0.15 per cent a year – considerably cheaper than the incumbents. + +And last year it added a self-invested personal pension charging 0.15 per cent a year – capped at £375. By comparison, wealth manager Hargreaves Lansdown charges up to 0.45 per cent a year. + +Vanguard hopes its new 'personal financial planning' service will appeal especially to people coming up to retirement and who want to turn savings into a secure income for their old age. + +It will offer advice on how to achieve retirement targets by exploring a range of tax-efficient options. This will be particularly important for savers who risk breaching the pension saving lifetime allowance of £1,073,100. + +Any money above this level taken as income incurs an extra 25 per cent charge and taken as a lump sum is taxed at 55 per cent. + +Hagerty says: 'We see the lifetime allowance as something that could become a factor for many people – and we aim to provide support so clients are able to consider other tax-efficient options, such as individual savings accounts.' + +Initially the service will only be open to people with at least £50,000 to invest and this money will have to be put into Vanguard's range of funds. + +Those with savings of £50,000 to £100,000 will be offered a 'digital financial planning experience'. + +They will also be able to talk through the details and their aims with an adviser over the phone. + +Savers with more than £100,000 can have video-based conversations as well as accessing phone support. + +Meanwhile those with more than £750,000 invested will get their own financial planner, who will also be able to offer face-to-face financial advice. + +Hagerty says: 'Financial advice will be offered by real people – not robots. But once advisers have discussed retirement targets with clients, they will use technology to help manage a portfolio.' + + +Vanguard will use back office technology to set off alerts when it is time for a customer to move their money into different accounts or receive fresh advice. + +These alerts will be triggered at points that customers have agreed in advance with advisers. They could include, for example, when a customer hits an investment goal, or needs to change the level of risk of their investments as they move closer to retirement. + +Advice will not cover non-Vanguard-branded investments, though these could still be taken into account when coming up with a financial plan. + +Vanguard offers more than 75 funds to choose from, which track indices such as the FTSE All-Share Index and the FTSE 100. + +Hagerty says Vanguard is not trying to take money from independent financial advisers, as they play a vital role in the market. + +Yet these advisers might still have plenty to fear – with Vanguard calculating that its low-cost model means an investor with a £250,000 lump sum could save more than £190,000 over 25 years if they pay 0.79 per cent a year in total charges for fund management and advice rather than 2.4 per cent of their investment upfront and 1.9 per cent a year thereafter. This is based on a projected return of 5 per cent a year. + +Hagerty adds: 'With potential savings of hundreds of thousands of pounds, you may ask yourself whether paying for expensive managed funds and financial advice offers value for money.' + +Most independent financial advisers charge an annual fee calculated as a percentage of your investments, but some charge an hourly rate, generally about £150 an hour. + +New player Bancroft Wealth offers financial advice for a competitive flat fee of £500 a year. + +Jeremy Fawcett, founder of the consultancy Platforum, believes the new Vanguard service could steal customers from existing so-called robo-adviser services, such as Nutmeg, as well as DIY investment broker services that offer advice arms, such as Hargreaves Lansdown and Fidelity. + +Nutmeg charges 0.99 per cent a year for managing funds, but requires a one-off £575 for 'personalised planning and advice'. + +Hargreaves Lansdown charges an initial 1 per cent for 'investment advice' on the first £1 million you have with it, with a minimum charge of £495 if you receive advice by phone. + +Ongoing financial advice costs 0.365 per cent a year. The fees are separate from any fund charges. + +Fidelity offers a 'Wealth Management' investment advice service charging 1 per cent of the amount to be managed and 0.5 per cent a year for a review. This levy is separate from any fund charges. +Proof: https://imgur.com/a/4n8O0 + +I just moved to Spain and wanted to check on my wallet from a new PC. I just googled Blockchain for fast access and thank god I noticed that the website was spelled differently. I would have never thought that google would show me a fake phishing site as a first result for a popular website. + +Just be careful when trying to access Blockchain or any other crypto wallet through a link or google and don't forget to HODL. + +P.S I do not have any adware or malware on my computer. + + +Guten Tag to this global band of Apes! 👋🦍 + +The furious rate at which the 'investment news' sources are spreading FUD about how the GameStop short squeeze has come to an end makes me even more certain that we are nearing the final stage of this whole thing. I'm quite certain that the articles aren't aimed directly at Apes, but are trying to plant seeds into the minds of those who haven't yet invested in GME that they shouldn't consider these discount prices. Yesterday's drop has put us very close to the 52-week low, and it's clear that the only ones selling are the SHFs in their desperation to suppress the price. + +I couldn't be more excited for the future of this company. They have a mountain of cash and are using it well to expand their business into the future. They have passionate shareholders, passionate leadership, and passionate customers. They have everything they need to weather this market downturn, as having such a warchest frees them from predatory lending rates or needing to rely on overpriced consultants. As we watch the digital markets and stock markets bleed, rest easy knowing that you're invested in a truly great company, regardless of the MOASS. Averaging down has never felt better. + +Today is Thursday, May 12th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$83.59 / 79,21 €** *(volume: 4394)* +- 🟩 115 minutes in: $83.57 / 79,19 € *(volume: 4210)* +- 🟩 110 minutes in: $83.43 / 79,06 € *(volume: 4061)* +- 🟥 105 minutes in: $83.16 / 78,81 € *(volume: 4045)* +- 🟥 100 minutes in: $83.31 / 78,94 € *(volume: 3610)* +- 🟥 95 minutes in: $83.50 / 79,12 € *(volume: 3123)* +- 🟩 90 minutes in: $83.87 / 79,47 € *(volume: 2949)* +- 🟩 85 minutes in: $83.47 / 79,10 € *(volume: 2916)* +- 🟩 80 minutes in: $83.37 / 79,00 € *(volume: 2681)* +- 🟩 75 minutes in: $83.29 / 78,92 € *(volume: 2531)* +- 🟥 70 minutes in: $83.05 / 78,69 € *(volume: 2485)* +- 🟩 65 minutes in: $83.11 / 78,76 € *(volume: 2428)* +- 🟩 60 minutes in: $83.09 / 78,73 € *(volume: 2312)* +- 🟥 55 minutes in: $83.06 / 78,71 € *(volume: 2290)* +- 🟥 50 minutes in: $83.09 / 78,73 € *(volume: 1844)* +- 🟥 45 minutes in: $83.27 / 78,91 € *(volume: 1602)* +- 🟩 40 minutes in: $83.43 / 79,06 € *(volume: 1557)* +- 🟩 35 minutes in: $83.33 / 78,96 € *(volume: 1421)* +- 🟥 30 minutes in: $83.30 / 78,93 € *(volume: 1303)* +- 🟩 25 minutes in: $83.38 / 79,01 € *(volume: 1199)* +- 🟩 20 minutes in: $83.10 / 78,74 € *(volume: 1129)* +- 🟩 15 minutes in: $82.91 / 78,56 € *(volume: 947)* +- ⬜ 10 minutes in: $82.90 / 78,56 € *(volume: 920)* +- 🟩 5 minutes in: $82.90 / 78,56 € *(volume: 789)* +- 🟩 0 minutes in: $82.85 / 78,50 € *(volume: 690)* +- 🟥 US close price: $81.33 / 77,07 € *($83.46 / 79,09 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0553. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Good Morning! + +&#x200B; + +Welcome to another day of crayons and charts with you favorite wrinkly pickle, Gherkinit. + +If you missed my forward looking DD for this week it can be found on my Reddit profile or you can check out the Video DD and today's live stream over on my [YouTube](https://www.youtube.com/c/PickleFinancial). + +You can also listen in, on our live audio stream on [Discord](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After Market Wrap-Up + +Here are our stats for the day. Not a lot of action to speak of besides that dip in the AM. We held above 157 which is all that matters for now. See you guys tomorrow. Sleep tight and HODL. + +https://preview.redd.it/xatuun54pyw61.png?width=742&format=png&auto=webp&s=65b169a08bcc3564f939e96dc8856b53c10d506c + +Edit 17 3:39 + +Broke down out of that up channel looking like we are limping to the finish line + +https://preview.redd.it/6lwoozgskyw61.png?width=1158&format=png&auto=webp&s=90b14d43dec9a937deb98bca684bc4f2c8c839cf + +Edit 16 3:16 + +Resistance broken at 162.5 on a nice uptrend. Stream is getting silly. + +https://preview.redd.it/7qw5srsjgyw61.png?width=1081&format=png&auto=webp&s=55e96935b6adb269114250d3761e7a4648bf0bf0 + +Edit 15 2:50 + +Still no action trading at or below 160. More updates in power hour. + +Edit 14 2:01 + +Still not a lot happening we touched a new intraday low of $159. This is very near the floor of 157 I do not expect to go below that. + +Edit 13 1:09 + +Still no action chopping on 162.5, 0 shares left to borrow could move up in power hour. Right now we look weak but I don't think we will drop much + +https://preview.redd.it/72c7jc51uxw61.png?width=1091&format=png&auto=webp&s=5773f3f5e008cedf156f8684e64a98540f91401d + +Edit 12 12:31 + +Weakness on that last bounce heading for a re-test of 162.5, low volume no pressure in either direction really. Chop on resistance till something changes. + +https://preview.redd.it/rxcd39p2nxw61.png?width=1436&format=png&auto=webp&s=3a426cd591467d52ccff44b5ac1d62b82610e62d + +Edit 11 12:09 + +Lunch time low volume our bounce weakened but if it continues up we could see a climb on additional volume re-test at 170? + +https://preview.redd.it/o17p4ycgjxw61.png?width=1312&format=png&auto=webp&s=350052474a00cbbc4edf3eff2dc4cb8fc3a464ae + +&#x200B; + +Edit 10 11:57 + +Nice bounce at 161.50 thanks for the sale Kenny ! + +https://preview.redd.it/xq86czi2hxw61.png?width=1280&format=png&auto=webp&s=58ed7ef14f1787801cb5e4fbbeb3ec5916a3b4f2 + +Edit 9 11:31 + +Could go as low as 162.5 these tend to break up. They are driving the price down for a reason 225k shares borrowed and used. + +https://preview.redd.it/jtp159lfcxw61.png?width=1172&format=png&auto=webp&s=e33ed22cb58020c197bd7adca254d6361d1cafbc + +Edit 8 11:13 + +Weak trending towards 165. Decent volume on this someone is pushing it down. + +https://preview.redd.it/0okoqoa79xw61.png?width=965&format=png&auto=webp&s=093757cf5993d6e05ab7a5c493bcab9321d302ec + +Edit 7 11:03 + +Broke out of that ascending channel to the downside. Below VWAP looking for a bounce at 172. + +https://preview.redd.it/95nviike7xw61.png?width=1145&format=png&auto=webp&s=c3343d437f8a877121fa9b8fea03f2eb9036dc34 + +Edit 6 10:48 + +ascending channel looks like we want to test 180 with no volume again + +https://preview.redd.it/90nwh2lr4xw61.png?width=1118&format=png&auto=webp&s=c93fff0ba08bc6b52590d8b54c0a7c5dae0af621 + +Edit 5 10:40 + +Chopping on top of VWAP, it's better than being below it for now. Still slightly under 1M volume. + +https://preview.redd.it/0gnhswxa3xw61.png?width=1170&format=png&auto=webp&s=3d0d9a94083e4d29e2fea0842c031832e247f589 + +Edit 4 10:18 + +Re-testing VWAP if it hold we could be in for a nice uptrend + +https://preview.redd.it/ojv7p9yczww61.png?width=968&format=png&auto=webp&s=e797d9cfb8027714b963a21eafc0dcaa25c40dcd + +**Edit 3 9:53** + +Dropping after testing VWAP could hit 165-169 range 500k volume + +&#x200B; + +https://preview.redd.it/v3veswfzuww61.png?width=1048&format=png&auto=webp&s=2f3127ccd2faae215b30ec09f7240dd66811c235 + +Edit 2 9:38 + +Turnaround looking weak we could drop to support at 165-172 + +Edit 1 9:35 + +Small opening dip looks like we are turning around 232k volume + +https://preview.redd.it/t1d38y0trww61.png?width=992&format=png&auto=webp&s=29a34ad30c670729820fb3d74fcaed4561794b47 + +# Pre-market Analysis + +Pre-Edit 1 + +Volume isn't bad @ 47k if we move strong at open we can test and break 180 if not expect more sideways. I'll update a couple minutes after the bell + +https://preview.redd.it/dgmrbz90oww61.png?width=1121&format=png&auto=webp&s=39e4a441673371fde02571e099bb041305448c26 + +Looks Like we could fill the gap down in VWAP from friday + +https://preview.redd.it/8u6lb1bwdww61.png?width=908&format=png&auto=webp&s=2b966a254af637e8047e736c998fa006ebd638f4 + +Here is CV VWAP for this morning. Nothing to note here. + +https://preview.redd.it/n7teylt7eww61.png?width=683&format=png&auto=webp&s=69f2d1f16edede2877204f6725b7633c9f4fe084 + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Good Morning Apes! + +Another day of low volume and getting dragged around by the market in store for us on this lovely Thursday. Nothing significant is expected today we have resistance to the downside at 197.50 and the upside at 205. Max pain currently at 202.50 ideally we hold this channel while they crush IV. Expect shorting on wide bid spreads to drop us to lower channels as they angle to bring down the price without jumping the volatility. SPY is green in the pre-market so if we do get dragged around hopefully it's slightly to the upside. + +[GME Technical Supports](https://preview.redd.it/jm21wa1g0zy71.png?width=2456&format=png&auto=webp&s=421368ed2681495512a4f596342abb247c3a9ca0) + +If we fall through the long-term trend that we regained last week this presents and excellent buy opportunity and a chance to average down, for those that know how and have bought the shares they are going to buy a test of the EMA 160 presents and excellent opportunity to buy long-term option positions. + +Had a nice [talk with Houston Wade yesterday here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +We it looks like we saw a small amount of ETF exposure play out across the market today GameStop included. A small price bump but the low volume today kept us from pushing past the pull of max pain. It is still likely we close the week out tomorrow near or at 202.50. Thank you all for hanging out I'll see you tomorrow. + +https://preview.redd.it/egslyudu61z71.png?width=713&format=png&auto=webp&s=54197e3788e3418c4e48e2afab48eec4468fac86 + +Edit 5 2:49 + +Still not a lot happing barely any volume traded since the double test in that 207.50 range price is starting to come down a bit and likely will close closer to max pain. + +https://preview.redd.it/dozxjment0z71.png?width=1582&format=png&auto=webp&s=18c5c2a69fa67eeafd2b4edea12beee694725325 + +Edit 4 12:37 + +GME slowly pushing up towards that next strike level above 207.5, could be looking at a test of 210 + +https://preview.redd.it/tfbysv3y50z71.png?width=1593&format=png&auto=webp&s=554d5aefc0165f2af51a6fe6d3b1d5d87eeac879 + +Edit 3 11:36 + +Gme getting ready to test 205 volume is low but there doesn't seem to be a lot of active shorting + +https://preview.redd.it/gliczjf6vzy71.png?width=1581&format=png&auto=webp&s=e141f18c7785555049a62d3e1c49cba3415c6ad1 + +Edit 2 10:50 + +A bunch of the other Retail ETF stocks are moving hard right now M, DDS, JWN, BBBY...we may see some of this covering play out on GME if there are FTDs that need to be handled + +https://preview.redd.it/t474l6e1nzy71.png?width=1579&format=png&auto=webp&s=6f38d3d2d2a5f1f778eed4d544ef3b23d1e7dba8 + +Edit 1 10:01 + +GME bouncing to 202.50 then finding support again at 200. volume at 237k + +https://preview.redd.it/kmpz4ok8ezy71.png?width=1590&format=png&auto=webp&s=a41b8dbacbaf3fa06071a7e56c539f9af93f72d7 + +# Pre-Market Analysis + +Volume: 9.65k + +Shares to Borrow: + +IBKR: 250,000, borrow rate down to 0.7% + +Fidelity: 1,068,284 @ 0.75% + +Holding the 200 resistance in pre-market... + +[GME pre-market on the 1m](https://preview.redd.it/rf8uvgtn1zy71.png?width=1576&format=png&auto=webp&s=3d38628fe7d99d2d86906b6ba9ddb4a2a5f9595c) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Ticker is **GZPFY** on OTC Mkts. + +&#x200B; + +So is it legal given that Russia is under US sanctions? I don't 100% understand what sanctions Russia and Russian companies are under. Also it appears that several funds own some according to 13F filings: + + [https://whalewisdom.com/stock/gzpfy](https://whalewisdom.com/stock/gzpfy) + +&#x200B; + +Additionally many more people appear to own stock in RSX, and ERUS Etfs which both hold Gazprom. So seems like people are doing it but could there be repercussions like fines? Additional taxes? Sudden forced selling if more sanctions come into effect? Just really want to understand the situation here given the tasty valuations of Russian equity. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I have been doing a lot of research on technical analysis, mainly following the Investopedia Technical Analysis guide. They have a lot of good introductory information about actually understanding price action, and indicators to understand whether a stock is overbought or oversold, and how to determine good entry and exit points. One of the sections that I just can't seem to get into is their stock market patterns section, outlining many different types of patterns and the potential result of said patterns. I am far more interested in technical metric analysis myself, as I can incorporate it into some of the analyses I am developing with Python. But, nonetheless I have coded a few of these "patterns" into my analyses. Most of them create false signals (in backtesting) that result in very little. So, I am curious if any of you swear by technical pattern analysis in your trading, and what patterns you find most indicative of price action? +Although new at algotrading I know python and am pretty familiar with most of the popular data science libraries. I was wondering if it's worth the effort to learn R for the computational finance like quantstrat or Blotter? +Hello, i'm understanding the basics of market making (having passive orders in both side of the books in order to make the bid ask spread). What i don't understand is how it can be profitable in a non steady market. + +The point i miss to understand is how you can be profitable if you accumulate inventory on the wrong side of the book, how long you are supposed to keep this, during minutes, weeks, days ? Is this not a huge risk taken, since there are chances the price never comes back where you accumulate your inventory ? + +Ive read about techniques that consist of sendin an order elsewhere when your passive order is executed (eg: hummingbot cross exchange market making), but it looks more arbitrage for me. + +On a single market, i can only see two cases where it can be profitable : + +\- When markets are steady, since you can make a lot of roundtrips + +\- If you are the first on the queue position on the "good" side of the book (been executed as a buyer when price is rising and vice versa). But without being super fast, it seems hard to get a good rate of non toxic fills. + +Is there any other profitable cases ? am i missing a key thing here ? +I know you shouldn't be in it for the cash etc but I'm just wondering: do any guys of you make some profit on this? + +To avoid selection bias, please also post if you've lost money and upvote those answers as well! + + +I officially blew up my account, deserved for messing with AAPL on news and being way too confident. it was mostly stimmy money so could be worse. + +Now to stop this in the future. Does anyone have any advice for discipline in the markets? videos for me to watch to become a better trader? YouTubers to watch? YouTube playlists? Books? I want and need every single thing. this blowing my account up makes me not even want to mess with trading anymore, but I’m not stopping. Any and all help is very much appreciated! + +Edit: Everyone is amazing! I will be sure to do my due diligence into every comment! + +Good news, I was so stressed that my account was wraps I wasn’t thinking straight. Optionstrats calculator bases off EOD value, not open. I was able to close out and still have a little over $250, if I would have held longer into today I would have made a lot of it back but my stop loss hit before it took off in value. Btw I was buying puts for the pullback, not because I am truly bearish. if I waited to buy them at close I would have printed today, even if it still lost, I would have lost WAY less (as I would have had a WAY better average). + +For everyone calling me stupid. It wasn’t a bad trade idea. if I just waited it would have been a 70% trade overnight, It was poor execution, terrible entry, ignorantly ignoring stop losses, and terrible position sizing. Which I guess that makes it a terrible trade, but the puts on AAPL idea, despite news was not a bad move, just poor execution. I should have won this trade, and I will in the future. Thank again everyone! +So, a week or so ago, I replied to an OP on here who'd asked about whether there was hope for them. They were in debt, terrible credit rating, etc etc. + +It struck a nerve with me because I'd asked for similar little bits of advice, but never shared my whole sorry story. Not with family, friends, partners, not even a professional. But... UKPF was the first and only place I ever told that story. Because this was not just a safe place, but somewhere I got huge amounts of second-hand help, because I read EVERYTHING. On here and the legal advice UK thread. + +Essentially, was young, was stupid, made terrible financial decisions due to a lack of financial literacy and didn't know where to go for help. + +Anyway, this isn't a sad story. Quite the opposite. + +I've gone from, six or so years ago, to being in debt, defaulting, owing council tax, and generally not being a proper grown up... to this week being approved on my mortgage. Wow. + +And a lot of it has been through following advice on here. This forum truly really is something amazing. The high quality of advice, the lack of judgement and the experts on hand who ask for nothing in return was the biggest motivation for me not just to clear my remaining debts, but to actually look to the future. + +I've now got an emergency fund, a pension, a rewards credit card, an Experian rating of 999 and, fucking hell, a mortgage. + +I managed to go from being in debt and a little bit afraid of the doorbell going, to having literally nothing to worry about bar the UK going full Boris and no deal. + +And I did it without having to tell anyone about it. + +So really this is part thank-you, part OMG I can't actually believe it, but mostly, for the people out there who think they're absolutely up shit creek, there is no problem you can't work on. + +The thing that amazed me most is that when you're actually trying to sort your life out, just how much leeway you're given by creditors. + +If you are honest, don't avoid calls and just be honest with people, and they see that you're trying, they will bend over backwards to help. + +Make that call, open that letter. It's a step towards life being enjoyable again :). + +P.S. either all of this is a lie, or my name is. Or both! :) + +**Edit** I cannot belive the attention and kinds words, thank you all. And we were graced by /u/pflurklurk, the semi-mystical oracle of the flowing charts. A few people asked how I did it in more detail, and I wrote them a comment. And I thought I'd share it here, too.** + +*P.S. definitely don't believe a word I'm saying, I'm totally full of shit x* + +I've worked non stop for the last, hmm, 16 years. But around five years ago I had a low paying job, £23.5k but within the M25, near Kent, so had zero extra money. + +Stayed like that for a while but I upskilled myself a lot, didn't make any extra money but got good enough to be paid at a lot of new skills. + +Moved sector, got a bump up to £35k and a slightly more senior role with some direct reports. Resigned during layoffs and went freelance for a while on a fairly good day rate. + +Then rolled that into a pretty good team leading/managerial role with an international company but with a UK base, with a much healthier pay packet. + +With the first pay rise, I kept my living costs the same and put all the excess money into paying off my debts, as I wouldn't feel the loss. + +Then with the next one I upped my living costs a bit, as a reward, as you can't just live a misery life, even if it's for a good reason. Some perks help you keep fighting the good fight. + +But I also put everything over and above the treats into paying off my debts, plus all bonuses for my first year. + +I also started paying into the pension from my first full pay check, to the max I could contribute, so that again if I started paying, I'd never feel like I lost money in a pay day. + +Once each debt rolled up closed, and the people calling up or knocking on the door were paid off, I started picking up and opening older letters and getting in touch to satisfy things that were still oweing. + +I also kept some of the money aside to put into my emergency fund, so that grew about as fast as the debts went down. Yeah I could have made a few percent more or paid less interest if I'd paid all the debts first, but I wanted the safety of an emergency fund and I was now earning enough that every pound didn't matter anymore. + +And then after that, there was no debts. But I kept the money I had been paying into debts into my savings for my deposit instead. Again, I wouldn't notice the loss. + +And that really is that. And I basically cheated, I used improvements in my life's circumstances to increase the repairs I was doing to my credit and finances, so I never actually felt my quality of life go down, I just got smaller leaps than I would have done sans Becky's Bad Decisions™. + +So I don't felt like I actually did the work, or at least, Becky Who Reads UKPF™ did. Thanks, bitch. I owe you. +Title says most of it. They live in NY. What do people that age do with influxes of cash like that? Stock market seems very frothy imo. Where else do stash it? Low/zero fee annuities? Medicaid trusts? Let’s get creative, people! +Hello, I’m a 20 year old project manager currently making 80k a year in Michigan. I would consider myself financially literate, and I budget everything. +My question being, +I’m looking to grow my wealth consistently. I’m invested into mutual funds, and have a IRA already in place. +Does anyone have any advice on how to handle making X amount of money? I just recently landed this job and most people my age would piss this money away due to negligence. I want to capitalize on this opportunity. Thank you. +Since it is the first day of the new year, I did a review of my asset allocation and portfolio returns. I am currently at 35% Debt, 45% Equity, 15% Arbitrage and 5% Cash. My portfolio did OK, and gave me 7% return, over Nifty which has around 4.6%. So I am quite satisfied. Portfolio was held together mostly by Debt and Arbitrage. Large-caps are slightly up, Small Caps and Mid Caps are still down. Don't plan to rebalance the portfolio or change asset allocation. + +How was your asset allocation and return? Any plans to rebalance? +As per the latest rule of IT, upto 10 lakh dividend is free from tax. So investing wisely can earn a good amount of money each year without paying a penny in tax. + + +Ill share my findings on how this can be maximised + +1. Govt stocks like coal india, balmer lawrie, indian oil, metal stocks like vedanta give good dividend. However the investment required to get any deal of tangible income as dividend remains high. For ex, coal india gives minimum dividend over last 5 years of Rs 6, so with this calc, you need around 50,000 shares to get income of 3 Lakhs which at current LTP is around 1 crore corpus for rolling returns each year. + +2. Liquid ETF can be used to get interest in the form of dividend which accordingly is not eligible for tax upto 10 lakh limit. On paper this looks better than liquid MFs which are subject to tax.So invested amount of 1 crore in liquid ETF can earn you roughly 6 lakhs as tax free income each year. However liquid ETF returns are on lower side, compared to Liquid MF and UST MFs. Also, I am not sure if other risks are associated with liquid ETF (of course its traded so buy / sell price and liquidity will always matter) + + +3. Not sure if CPSE etf gives dividend , cant find any info on this. However its full of gov stocks which are known to provide stable dividend. Also SBI Nifty50 ETF gives around Re 1 as dividend + +4. I have never explored dividend option of MFs, does it have scope of good returns too? Especially debt or liquid MFs dividend option + +Please share any other avenues you know to maximise this +I read few articles that these types of funds are cyclic. Now in the last 1 year, most of these funds have given >10% returns, infact gilts have given even 15%.. so are these at the top of the cycle now? + +Should you invest in these cyclic plays or buy them for a long term view? +I mean, which do you prefer and why? Did you start with one and found out another was better (for you)? + +I started with Stocks while I studied the piss out of Options which is what I do now. + +It’s a pretty straightforward question I think but the auto mod said I didn’t put in any effort so I’m just typing to type. The question above is all that was important to me. + +TL;DR Just read the first part. +I'm new to this subreddit and want to learn about day trading. I and am sure most newcomers get that it's hard and seriously needs to be thought of with family before putting one's money on the line. Some of us just want an extra income not to make a killing on it. But why so much pessimistic comments? such as don't trade, you are just fooling yourself, only x% make it, don't bother, etc. Every career and dream is hard and only those with the desire can make it. Yet these comments make it sound like the newbies are dumb kids and the posters just increase their ego. With these comments, how can people get focused, stay motivated to learn, have the desire to get there and help one another. Some are not trying to make a killing and be in that 2 percent but will be happy with being in the 25 percent making decent money here and there. + +I will continue to be active here, but if these negative posters continue to bash newcomers, then this place is toxic in every way. Just my 2 cents. +Hey, hi. My name is Lucas and I'm working as a junior web developer. I'm fresh out of college and I don't have any money. + +I'm really good at saving, and I'm thinking I'll be coming across more money now that I can work with a degree. The thing is I hate working and I'd like to maximize my savings. + +How do I get started? I already have a few bucks in some low-risk-low-return government funds, but I really want the knowledge I need to have to make riskier investments over time, maybe investing in private funds or even stocks if I get the cash! + +So, can you guys suggest where I could learn this stuff? Maybe some books, videos, articles, I don't know. I'm clueless! Thanks + +But really though guys please don’t buy into something without doing DD first. XSPA, GNUS, IZEA, CJJD and many more were big flops that went no where. If you would’ve done DD you would’ve seen these companies were garage long holds. On the other hand during that same period gems like SOLO, AYRO, BLNK, NIO, PLUG, WKHS, TUP, KIRK, MARA etc etc were also being posted about at LOW PRICES in June. If you had done the DD and saw the long term potential you would’ve been up 100s of percentages today. Moral of the story do your DD find some good companies and don’t be afraid to go long. Don’t invest in stupid shit like Spa companies doing Covid testing or a kids Cartoon Network and a shady Chinese drug store company. Good luck y’all. +**The community standards at r/options have not changed because WSB +has gone private.** + +&nbsp; +&nbsp;(Edit: For about 12 hours, from 10PM April 7 to around 9:30 am April 8 (Eastern US) WSB was made private, with hundreds of refugees posting at r/options. About 50 threads were taken down overnight, April 7 and 8, representing probably 1500 comments.) +&nbsp; + +**Pointless, information-less posts not related to genuine options strategies, analysis of an underlying, and trade positions will be removed.** +An option position is not a strategy, nor is a trade journal. + +**Image posts, link posts or meme videos will be filtered and not released.** +Save your link post effort for another subreddit. + +**Respectful on-topic discussion** + No name calling, epithets, pointless banter or homophobic, racist or misogynist commentary. + +**Readers can "report" posts and comments that violate community standards, via the "report" link, to bring them to the attention of moderators.** + +--- + + +**The basics, on talking about trades:** + +- State the strategy and why you have it, +- how and why the underlying was chosen, +- the actual positions involved (call/put, long/short, strikes, expiration, cost), +- the price of the underlying before and after the trade, +- intended thresholds to exit for a gain and maximum loss, +- and the dates and times of entry and exit. +- Without these, we cannot have a useful context for a conversation. + +--- + +[Steps toward improving r/options community experience] +(https://www.reddit.com/r/options/comments/fnck93/steps_toward_improving_roptions_community/) + +--- +Calling it now...(*adjusts tinfoil hat*) + +The GME stock dividend split is actually phase 1 of 2 dividend phases. + +How it will work: + +**PHASE 1:** +GME will do a 7 for 1 stock split. If you owned 100 shares before, you now own 700 shares. + +**PHASE 2:** Now this is where things actually get spicy. Now even though the 7 for 1 stock split didn't hypothetically change the value of the shares, it DID change the QUANTITY of your shares, seven-fold. + +Once the NFT marketplace is up and running, RC&CO will now be able to issue/pair a crypto dividend, such as LRC to your GME Shares. + +**Example:** You now own 700 shares of GME (after the split)... now next quarter RC&CO decide to give out 1 LRC dividend for every 1 GME share you own. Boom, you now get 700 LRC as a dividend and anyone shorting the stock now has to pay out 700 LRC as well. This will also cause LRC to squeeze due to supply shock. + + +Ps. I believe GME has acquired Loopring, so LRC increase will also pad there bottom line. + +pss. I'm a smoooooth brained ape, so feel free to poke a hole in my theory. +Feel free to also discuss other tickers in this thread - don't forget it's mainly dedicated to GME/AMC + +Also make sure to join our Discord server to chat along with fellow WSBN'ers: + +[https://discord.gg/wallstreetbetsnew](https://discord.gg/wallstreetbetsnew) +A lot of people lost everything. My whole portfolio was in a Celsius earn account and one day they froze withdrawals and that was that. + +The portfolio I had built up for years was swept away from me more or less. Thousands of people lost thousands of dollars. I have pretty much given up hope on those coins returning and yet I feel ok. + +Since it happened a lot of people fall into this depression, psychosis, rage, and despair. I never thought it was that deep. I lost a lot of money. But I can’t do anything to change the outcome. + +Why should I lose sleep over something I literally cannot fix. When it happened I was frustrated for about and day and then realized ok fine, time to start new. + +I am young and I have time let’s start from scratch. And so here I am rebuilding my portfolio piece by piece. DCA by DCA. + +I think always taking up hobbies can distract you from trying times as well. Much like beating drug addiction the best way is to replace the thoughts with a hobby. I hang with friends or workout or rock climb to distract myself from constant bad news which is easy to find nowadays. + +It’s not the end of the world it’s just money and it can be rebuilt. It’s unfortunate but not the end of the line. +To anyone else who lost it all take it from me losing your mind over it won’t help you get your money up. +For reference, we are in Texas. + +Last year our apartment rent was raised by around 3% when it was time for our lease renewal - it was fine. Yeah, COVID had made things hard, and we've had a few emergencies that ate up the little savings we had scrounged up, but we managed okay. We were appreciative that the rent didn't go up too much. We have never missed a payment or caused much fuss. + +We just got the notice for our lease renewal again, and this time **they are raising our rent by 30%**. ... what the hell?! We have a week to let the apartment complex know in writing whether we'll be renewing or not. I'm having to take the next two days off of work so that we can check out other complexes. Suddenly we need to save up for another application fee and deposit, and I just feel like all the wind in my sails is gone. +Edit 1: More ARKQ buying today (~50k shares). Thank you everyone for the positive feedback and discussion! + +Bottom Line Up Front (BLUF) or TL;DR for the non-military types: + +LMT is a good target if you want to literally go to the moon, and my PT is $690.26 in two years (more than 2x from current levels). Justification and some possible trade ideas are listed below, just CTRL-F “Trade Ideas”. I hope you guys enjoy this work and would appreciate any discussion or feedback. I hope to catch you in the comments. + +Team, + +We interrupt today’s regularly scheduled short squeeze coverage to discuss a traditionally boring stock, LMT (Lockheed Martin), with significant upside potential. To be clear, this is NOT a short squeeze target like many reddit posts are keying on. I hope that this piece sparks discussion, but if you are just looking for short squeeze content, all I have to say is BUY, HOLD, and GODSPEED. + +The source of inspiration for me writing this piece is threefold; first, retail investors are winning, and I believe that we will continue to win if we continue to identify opportunities in the market. In my view, the stock market has always been a place for the public to shine a light on areas of innovation that real Americans are excited about and proud to be a part of. Online communities have stolen the loudspeaker from hedge fund managers and returned it to decentralized online democracies that quickly and proudly shift their weight behind ideas they believe in. In GME’s case, it was a blatant smear campaign to destroy a struggling business. I think that we should continue this campaign by identifying opportunities in the market and running with them. It may sound overly idealistic, but if reddit can take on the hedge funds, I non-ironically believe that we can quite literally take good companies researching space technology to the moon. I think LMT may be one of several stocks to help get us there. + +Second, a video where the Secretary of State of Massachusetts argues that internet boards are full of a bunch of unsophisticated, thoughtless traders really ticked me off. This piece is designed to show that ‘the little guy’ is ready to get into the weeds, understand business plans, and outpace analysts that think companies like Tesla are overvalued by comparing them to Toyota. That is a big reason that I settled on an old, large, slow growth company to do a deep-dive on, and try my best to show some of the abysmal predictive analysis major ‘research firms’ do on even some of the most heavily covered stocks. LMT is making moves, and the suits on wall street are 10 steps behind. At the time of writing this piece, Analyst Estimates range from 330-460 (what an insane range). + +Third, and most importantly, I am in the US military, and I think that it is fun to go deep into the financials of the defense sector. I think that it helps me understand the long-term growth plans of the DoD, and I think that I attack these deep-dives with a perspective that a lot of these finance-from-day-one cats do not understand. Even if no one ever looks at this work, I think that taking the time to write pieces like this makes me a better Soldier, and I will continue to do it in my spare time when I am feeling inspired. I wrote a piece on Raytheon Technologies (Ticker: RTX) 6 months ago, and I think it was well-received. I was most convicted about RTX in the defense sector, but I have since shifted to believing LMT is the leader in the defense space. I am long both, though. If this inspires anyone else to do similar research on other companies, or sparks discussion in the community, that is just a bonus. Special shout-out to the folks that read more than just the TL;DR, but if you do just read the TL;DR, I love you too! + +Now let us get into it: + +**Leadership** + +I generally like to invest in companies that are led by people that seem to have integrity. Jim Taiclet took the reins at LMT in June of last year. While on active duty, he served as a C-141B Starlifter pilot (a retired LMT Aircraft). After getting out he went to work for the American Tower Corporation (Ticker: AMT). His first day at American Tower was September 10, 2001. The following day, AMT lost 13 employees in the World Trade Center attack. He stayed with the company, despite it being decimated by market uncertainty in the wake of 9/11. He was appointed CEO of the very same company in 2004. Over a 16 year tenure as CEO of AMT the company market cap 20x’d. He left his position as CEO of AMT in March of last year, and the stock stagnated since his departure, currently trading at roughly the same market cap as to when he left. + +Jim Taiclet was also appointed to be the chairman of the board this week, replacing the previous CEO. Why is it relevant that the CEO came from a massive telecommunications company? + +Rightfully, Taiclet’s focus for LMT is bringing military technology into the modern era. He wants LMT to be a first mover in the military 5G space, military application of AI space, the… space space, and the hypersonic glide vehicle (HGV) space. These areas are revolutionary for the boomer defense sector. We will discuss this in more detail later when we cover the company’s P/E multiple and why it is absolute nonsense. + +It is not a surprise to me that they brought Taiclet on during the pandemic. He led AMT through adversity before, and LMT’s positioning during the pandemic is tremendous relative to the rest of the sector, thanks in large part to some strong strategic moves and good investments by current and past leadership. I think that Taiclet is the right CEO for the job. + +In addition to the new CEO, the new Secretary of Defense, Secretary Lloyd Austin, has strong ties to the defense sector. He was formerly a board member for RTX. He is absolutely above reproach, and a true leader of character, but I bring this up not to suggest that he will inappropriately serve in the best interest of defense contractors, but to suggest that he speaks the language of these companies effectively. I do not anticipate that the current administration poses as significant of a risk to the defense sector as many analysts seem to believe. This will be expanded in the headwinds section below. + +**SPACE** + +Cathie Wood and the ARK Invest team brought a lot of attention to the space sector when the ARKX, The ARK Space Exploration ETF, Form N-1A was officially filed through the SEC. More recently, ARK Invest published their Big Ideas 2021 Annual Report and dedicated an entire 7-page chapter to Orbital Aerospace, a new disruptive innovation platform that the ARK Team is investigating. This may have helped energize wall street to re-look their portfolios and their investments in space technology, but it was certainly not the first catalyst that pushed the defense industry in the direction of winning the *new* space race. + +In June 2018, then President Trump announced at the annual National Space Council that “it is not enough to merely have an American presence in space, we must have American dominance in space. So important. Therefore, I am hereby directing the Department of Defense (DoD) and Pentagon to immediately begin the process necessary to establish a Space Force as the sixth branch of the Armed Forces". Historically, Department of Defense space assets were under the control of the Air Force. By creating a separate branch of service for the United States Space Force (USSF), the DoD would allocate a Chairman of Space Operations on the Joint Chiefs of Staff and clearly define the budget for space operations dedicated directly to the USSF. At present, this budget is funneled from the USAF’s budget. The process was formalized in December of 2019, and the DoD has appropriated \~$15B to the USSF in their first full year of existence according to the FY21 budget. + +Among the 77 spacecraft that are controlled by the USSF, 29 of them are Lockheed Martin GPS satellites, 6 of them are Lockheed Martin Space-Based Infrared Systems (SBIRS), and LMT had a hand in creating and/or manufacturing for several of the other USSF efforts. The Next Generation Overhead Persistent Infrared Missile Warning Satellites (also known as Next-Gen OPIR) were contracted out to both Northrup Grumman (Ticker: NOC) and LMT. LMT’s contract is currently set at $4.9B, NOC’s contract is set at $2.37B. + +Tangentially related to the discussion of space is the discussion of hypersonic glide vehicles (HGVs). HGVs have exoatmospheric and atmospheric implications, but I think that their technology is extremely important to driving margins down for both space exploration and terrestrial point-to-point travel. LMT is leading the charge for military HGV research. They hold contracts with the Navy, Air Force, and Army to develop HGVs and hypersonic precision fires. The priority for HGV technology accelerated significantly when Russia launched their Avangard HGV in December of 2019. Improving the technology for HGVs is a critical next-step in maintaining US hegemony, but also maintaining leadership in both terrestrial and exoatmospheric travel. + +**LARGE SCALE COMBAT OPERATIONS (LSCO)** + +The DoD transitioning to Large-Scale Combat Operations (LSCO) as the military’s strategic focus. This is a move away from an emphasis on Counter-Insurgency operations. LSCO requires effective multi-domain operations (MDO), which means effective and integrated strategies regarding land, sea, air, space, and cyberspace. To have effective MDO, the DoD is seeking systems that both expand capabilities against peer threats and increase the ability to track enemy units and communicate internally. This requires a modernizing military strategy that relies heavily on air, missile, and sensor modernization. Put simply, the DoD has decided to start preparing for peer or near-peer adversaries (China, Russia, Iran, North Korea) rather than insurgencies. For this reason, I believe that increased Chinese and Russian tensions are, unfortunate as it may be, a boon to the defense industry. This is particularly true in the missiles/fires and space industry, as peer-to-peer conflicts are won by leveraging technological advantages. + +There are too many projects to cover in detail, but some important military technologies that LMT is focusing on to support LSCO include directed energy weapons (lasers) to address enemy drone technology, machine learning / artificial intelligence (most applications fall under LMT’s classified budget, but it is easy to imagine the applications of AI in a military context), and 5G to increase battlefield connectivity. These projects are all nested within the DoD’s LSCO strategy, and position LMT as the leader in emergent military tech. NOC is the other major contractor making a heavy push in the modernization direction, but winners win, and I think a better CEO, balance sheet, and larger market cap make LMT the clear winner for aiding the DoD in a transition toward LSCO. + +**SECTOR COMPARISON (BACKLOG)** + +The discussion of LSCO transitions well into the discussion of defense contractor backlogs. Massive defense contracts are not filled overnight, so examining order backlogs is a relatively reliable way to gauge the interest of the DoD in a defense contractor’s existing or emerging products. For my sector comparison, I am using the top 6 holdings of the iShares U.S. Aerospace & Defense ETF (Ticker: ITA). I hate this ETF, and ETFs like it (DFEN) because of their massively outsized exposure to aerospace, and undersized allocation to companies like LMT. LMT is only 18% smaller than Boeing (Ticker: BA) but is only 30.4% of the exposure of BA (18.46% of the fund is BA, only 5.62% of the fund is LMT). Funds of this category are just BA / RTX hacks. I suggest building your own pie on a site like M1 Finance (although they are implicated in the trade restriction BS… please be advised of that… hoping other brokerages that are above board will offer similar UIs like the pie design… just wanted to be clear there) if you are interested in the defense sector. + +The top 6 holdings of ITA are: + +Boeing Company (Ticker: BA, MKT CAP $110B) at 18.46% + +Raytheon Technologies (Ticker: RTX, MKT CAP $101B) at 17.84% + +Lockheed Martin (Ticker: LMT, MKT CAP $90B) at 5.62% + +General Dynamics Corporation (Ticker: GD, MKT CAP $42B) 4.78% + +Teledyne Technologies Incorporated (Ticker: TDY, MKT CAP $13B) at 4.74% + +Northrop Grumman Corporation (Ticker: NOC, MKT CAP $48B) at 4.64% + +As a brief aside, please look at the breakdowns of ETFs before buying them. The fact that ITA has more exposure to TDY than NOC and L3Harris is wild. Make sector ETFs balanced how you want them to be balanced and it will be more engaging, and you will likely outperform. I digress. + +Backlogs for defense companies can easily be pulled from their quarterly reports. Here are the current backlogs in the same order as before, followed by a percentage of their backlog to their current market cap. All numbers are pulled from January earning reports unless otherwise noted with an \* because they are still pending. + +**Boeing Company** backlog (Commercial: $282B, Defense: $61B, Foreign Military Sales (FMS, categorized by BA as ‘Global’): 21B, Total Backlog 364B): BA’s backlog to market cap is a ratio of 3.32, which is strong, but most of that backlog comes from the commercial, not the defense side. Airlines have been getting decimated, I am personally not interested in having much of my backlog exposed to commercial pressures when trying to invest in a defense play. Without commercial exposure, their defense only backlog ratio is .748. This is extremely low. I understand that this does not do BA justice, but I am keying in on defense exposure, and I am left thoroughly unsatisfied by that ratio. Also, we have seen several canceled contracts already on the commercial side. + +**Raytheon Technologies** backlog (Defense backlog for all 4 subdivisions: 67.3B): Raytheon only published a defense backlog in this quarter’s report. That is further evidence to me that the commercial aerospace side of the house is getting hammered. They have a relatively week backlog to market cap as well, putting them at a ratio of .664, worse off than the BA defense backlog. + +**Lockheed Martin** backlog (Total Backlog: $147B): This backlog blows our first two defense backlogs out of the water with a current market cap to backlog ratio of 1.63. + +**General Dynamics Corporation** backlog (Total Backlog: $89.5B, $11.6B is primarily business jets, but it is difficult to determine how much of their aerospace business is commercial): Solid 2.13 ratio, still great 1.85 if you do not consider their aerospace business. The curveball here for me is that GD published a consolidated operating profit of $4.1B including commercial aerospace, whereas LMT published a consolidated operating profit of $9.1B. This makes the LMT ratio of profit/market cap slightly in favor of LMT without accounting for the GD commercial aerospace exposure. This research surprised me; I may like GD more than I originally assumed I would. Still prefer LMT. + +**Teledyne Technologies Incorporated** backlog (Found in the earnings transcript, $1.7B): This stock is not quite in the same league as the other major contractors. This is an odd curveball that a lot of the defense ETFs seem to have too much exposure to. They have a weak backlog, but they are a smaller growing company. I am not interested in this at all. It has a backlog ratio of .129. + +**Northrop Grumman Corporation** backlog ($81B): Strong numbers here. I see NOC and LMT as the two front-runners in the defense sector. I like LMT more because I like their exposure to AI, 5G, and HGVs more than NOC, but I think this is a great alternative to LMT if you like the defense sector. Has a ratio of 1.69, slightly edging out LMT on this metric. LMT edges out NOC on margins by \~.9%, though, which has significant implications when considering the depth of the LMT backlog. + +The winners here are LMT, GD, and NOC. BA is attractive if you think anyone will have enough money to buy new planes. BA and RTX are both getting hammered by commercial aerospace exposure right now and are much more positioned as recovery plays. That said, LMT and NOC both make money now, and will regardless of the impact of the pandemic. LMT is growing at a slightly faster rate than NOC. Both are profit machines, but I like LMT’s product portfolio and leadership a lot more. + +**FREE CASH FLOW** + +Despite the pandemic, LMT had the free cash flow to be able to pay a $2.60 per share dividend. This maintains their \~3% yearly dividend rate. They had a free cash flow of $6.4B. They spent $3.9 of that in share repurchases and dividend payouts. That leaves 40% of that cash to continue to strengthen one of the most stalwart balance sheets outside of big tech on the street. Having this free cash flow allowed them to purchase Aerojet Rocketdyne for $4.4B in December. They seem flexible and willing to expand and take advantage of their relative position during the pandemic. This is a stock that has little downside risk and significant upside potential. It is always reassuring to me to know that at the end of the day, a company is using its profit to continue to grow. + +**HEADWINDS** + +**New Administration** – This is more of an unknown than a headwind. The Obama Administration was not light on military spending, and the newly appointed SecDef is unlikely to shy away from modernizing the force. Military defense budgets may get lost in the political shuffle, but nothing right now suggests that defense budgets are on the chopping block. + +**Macroeconomic pressure** – The markets are tumultuous in the wake of GME. Hedgies are shaking in their boots, and scared money weighed on markets the past week. If scared money continues to exert pressure on the broader equity markets, all boomer stocks are likely weighed down by slumping markets. + +**Non-meme Status** – The stocks that are impervious to macroeconomic pressures in the above paragraph are the stonks that we, the people, have decided to support. From GME to IPOE, there is a slew of stonks that are watching and laughing from the green zone as the broader markets slip deeper into the red zone. Unless sentiment about LMT changes, I see no evidence that LMT will remain unaffected by a broader economic downturn (despite showing growth YoY during a pandemic). + +**TAILWINDS** + +**Aerojet Rocketdyne to the Moon** – Cathie Wood opened up a $39mil position in LMT a few weeks ago, and this was near the announcement of ARKX. The big ideas 2021 article focuses heavily on satellite technology, deep learning, and HGVs. I think that the AR acquisition suggests that vertical integration is a priority for LMT. They even fielded a question in their earnings call about whether they were concerned about being perceived as a monopoly. Their answer was spot on—the USFG and DoD have a vested interest in the success of defense companies. Why would they discourage a defense contractor from vertical integration to optimize margins? + +**International Tensions** – SolarWinds has escalated US-Russia tensions. President Biden wants to look tough on China. LSCO is a DoD-wide priority. + +**5G.Mil** – We still do not have a lot of fidelity on what this looks like, but the military would benefit in a lot of ways if we had world-wide access to the rapid transfer of encrypted data. Many units still rely on Vietnam-era technology signal technology with abysmal data rates. There are a lot of implications if the code can be cracked to win a DoD 5G contract. + +**TRADE IDEAS** + +**Price Target:** LMT is currently at a P/E of \~14. Verizon has roughly the same. LMT’s 5-year P/E ratio average is \~17. NOC is currently at a P/E of \~20. TSLA has a P/E Ratio of 1339 (disappointingly not 1337). P/E is a useless metric because no one seems to care about it. My point is that LMT makes a lot of money, and other companies that are valued at much higher multiples do not make any money at all. LMT’s P/E ratio is that of a boomer stock that has no growth potential. LMT’s P/E is exactly in line with the Aerospace and Defense Industry P/E ratio standard. LMT’s new CEO is pushing the industry in a new direction. I will arbitrarily choose a P/E ratio of 30, because it is half of the software industry average, and it is a nice round number. Plus, stock values are speculative and nonsense anyway. + +Share price today: $321.82 + +Share price based on LMT average 5-year P/E: $384.08 (I see this as a short term PT, reversion to the mean) + +Share price with a P/E of 30: $690.26 + +**Buy and Hold:** Simple. Doesn’t take much thought. Come back in a year or two and be happy with your tendies (and a few dividends to boot). + +**LEAPS Call Debit Spread (Based on last trade prices):** Buy $375 C 20 JAN 23 for $26.5, Sell $450 C 20 JAN 23 for $12. Total Cost $14.5 for a spread width of $75. Max gain 517% per spread. Higher risk strategy. + +**LEAPS**: Buy $500 C 20 JAN 23 for $7.20. Very high-risk strat. If the price target is hit within two years, these would be in the money $183 per contract for a gain of 2500%. This is the casino strat. + +**SOURCES** + +[https://www.lockheedmartin.com/en-us/news/features/2020/james-taiclet-from-military-pilot-to-successful-ceo.html](https://www.lockheedmartin.com/en-us/news/features/2020/james-taiclet-from-military-pilot-to-successful-ceo.html) + +[https://www.warren.senate.gov/newsroom/press-releases/in-response-to-senator-warrens-questions-secretary-of-defense-nominee-general-lloyd-austin-commits-to-recusing-himself-from-raytheon-decisions-for-four-years](https://www.warren.senate.gov/newsroom/press-releases/in-response-to-senator-warrens-questions-secretary-of-defense-nominee-general-lloyd-austin-commits-to-recusing-himself-from-raytheon-decisions-for-four-years) + +[https://news.lockheedmartin.com/2019-08-30-Lockheed-Martins-Expertise-in-Hypersonic-Flight-Wins-New-Army-Work](https://news.lockheedmartin.com/2019-08-30-Lockheed-Martins-Expertise-in-Hypersonic-Flight-Wins-New-Army-Work) + +[https://www.lockheedmartin.com/en-us/capabilities/hypersonics.html](https://www.lockheedmartin.com/en-us/capabilities/hypersonics.html) + +[https://research.ark-invest.com/hubfs/1\_Download\_Files\_ARK-Invest/White\_Papers/ARK%E2%80%93Invest\_BigIdeas\_2021.pdf?hsCtaTracking=4e1a031b-7ed7-4fb2-929c-072267eda5fc%7Cee55057a-bc7b-441e-8b96-452ec1efe34c](https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARK%E2%80%93Invest_BigIdeas_2021.pdf?hsCtaTracking=4e1a031b-7ed7-4fb2-929c-072267eda5fc%7Cee55057a-bc7b-441e-8b96-452ec1efe34c) + +[https://www.deseret.com/2018/6/19/20647309/twitter-reacts-to-trump-s-call-for-a-space-force](https://www.deseret.com/2018/6/19/20647309/twitter-reacts-to-trump-s-call-for-a-space-force) + +[https://comptroller.defense.gov/Portals/45/Documents/defbudget/fy2021/fy2021\_Budget\_Request\_Overview\_Book.pdf](https://comptroller.defense.gov/Portals/45/Documents/defbudget/fy2021/fy2021_Budget_Request_Overview_Book.pdf) + +[https://www.airforcemag.com/lockheed-receives-up-to-4-9-billion-for-next-gen-opir-satellites/](https://www.airforcemag.com/lockheed-receives-up-to-4-9-billion-for-next-gen-opir-satellites/) + +[https://spacenews.com/northrop-grumman-gets-2-3-billion-space-force-contract-to-develop-missile-warning-satellites/](https://spacenews.com/northrop-grumman-gets-2-3-billion-space-force-contract-to-develop-missile-warning-satellites/) + +[https://www.lockheedmartin.com/en-us/capabilities/directed-energy/laser-weapon-systems.html](https://www.lockheedmartin.com/en-us/capabilities/directed-energy/laser-weapon-systems.html) + +[https://emerj.com/ai-sector-overviews/lockheed-martins-ai-applications-for-the-military/](https://emerj.com/ai-sector-overviews/lockheed-martins-ai-applications-for-the-military/) + +[https://www.defenseone.com/business/2020/07/new-ceo-wants-lockheed-become-5g-player/167072/](https://www.defenseone.com/business/2020/07/new-ceo-wants-lockheed-become-5g-player/167072/) + +[https://www.wsj.com/articles/defense-firms-expect-higher-spending-11548783988](https://www.wsj.com/articles/defense-firms-expect-higher-spending-11548783988) + +[https://www.etf.com/ITA#efficiency](https://www.etf.com/ITA#efficiency) + +[https://s2.q4cdn.com/661678649/files/doc\_financials/2020/q4/4Q20-Presentation.pdf](https://s2.q4cdn.com/661678649/files/doc_financials/2020/q4/4Q20-Presentation.pdf) + +[https://investors.rtx.com/static-files/dfd94ff7-4cca-4540-bc4b-4e3ba92fc646](https://investors.rtx.com/static-files/dfd94ff7-4cca-4540-bc4b-4e3ba92fc646) + +[https://investors.lockheedmartin.com/static-files/64e5aa03-9023-423a-8908-2aae8c7015ac](https://investors.lockheedmartin.com/static-files/64e5aa03-9023-423a-8908-2aae8c7015ac) + +[https://s22.q4cdn.com/891946778/files/doc\_financials/2020/q4/GD\_4Q20\_Earnings\_Highlights-Outlook-Final.pdf](https://s22.q4cdn.com/891946778/files/doc_financials/2020/q4/GD_4Q20_Earnings_Highlights-Outlook-Final.pdf) + +[https://www.fool.com/earnings/call-transcripts/2021/01/27/teledyne-technologies-inc-tdy-q4-2020-earnings-cal/](https://www.fool.com/earnings/call-transcripts/2021/01/27/teledyne-technologies-inc-tdy-q4-2020-earnings-cal/) + +[https://investor.northropgrumman.com/static-files/6e6e117f-f656-4c68-ba7f-3dc53c2dd13a](https://investor.northropgrumman.com/static-files/6e6e117f-f656-4c68-ba7f-3dc53c2dd13a) +Curious what people outside of the Loopring subreddits think about it. There's a lot of sentiment that it has a good chance to multiply in its value overtime as more partnerships and NFT's get announced down the road to be using loopring, whether it is for Gamestop or otherwise. + +Personally its currently my second biggest holding after ETH. I just wonder what are the odds for it to possibly tank if the Gamestop rumors end up not being true or if it could still end up blowing up down the road, especially as a potential NFT marketplace crypto. + +What are your honest opinions of it? + +👨‍🌾✌ +Today I learned that retirement account and life insurance beneficiary designations usually supersede any designations you have in your will. + +I wrote a will a few years back when I bought a house, and I assumed it covered my entire estate. + +I was wrong. + +I checked my retirement account beneficiaries today. I opened one of my IRAs 20 years ago before I got married and had kids, and I had never changed the beneficiary on it. All that money (and it's a lot to me) would have gone to the wrong person if I had died. + +Check your beneficiaries, y'all, especially if you get married (or divorced). +Shares of the two leading U.S. private prison companies plummeted on the announcement: GEO Group ended down 39%, while Corrections Corp. of America sank 35%. The greater impact of the DOJ decision may be its trickle-down effect on state prison systems, which house the majority of U.S. prisoners. +So here it is, three more days and October begins, which marks one year of trading for me. I figured I would contribute to the forum and share some of my experience, a little about me, and what I've learned so far. Whoever wants to listen, that's great. This might get long so buckle up.. + +Three years ago, I was visiting Toronto. I don't get out much, but my roommate at the time travels there occasionally. He asked everyone at our place if we wanted to come along for a weekend. My roommate has an uncle that lives there and we didn't have to worry about a hotel because his uncle owns a small house that's unlived in which we could stay at. I was the only one to go with. Anyways, we walk around the city, seeing the sights and whatnot. + +My friend says to me "where next?" + +"I don't know, you're the tour guide" + +"We can go check out Bay Street" + +"what's 'Bay Street?'" + +"It's like the Canadian Wall street! If you haven't seen it you gotta see it!" + +Walking along Bay, I admire all the nice buildings and architecture, everything seems larger than life to me. I love things like that. The huge granite facades with intricate designs and towering pillars to make you think, *How the fuck did they make that?* My attention pivots to a man walking on the sidewalk opposite us. His gait stood out among everyone, he walked with such a purpose.. He laughed into the cell phone to his ear. In the elbow-shoving city environment, he moved with a stride that exuded a power which not only commanded respect, but assumed it. *I bet HE can get a text back, hell he's probably got girls waiting on him.* This dude was dressed to kill, a navy suit that you could just tell from across the street was way out of my budget, it was a nice fucking suit. *I want that.* His life, across the street, seemed a world a way from my own. I've worn a suit maybe *twice* in my life. For my first communion, it was too big for me, I was eleven or whatever so who gives a shit, right? I'm positive I looked ridiculous. *The other time?* I can't remember. + + *I want that. I want the suit.* I want the *wealth*, the *independence.* *I want the respect and power, and I don't give a shit what anyone thinks about it.* + +Cue self doubt. + +*Well, He's probably some rich banker's son. That's a world you're born into. I don't know shit about it. \*sigh\* keep walking..* + +&#x200B; + +A year later, I'm visiting my parents at their house, they live an hour away from my place. My dad is back from Tennessee, his engineering job was laying people off and he got canned... Or he saw the end was near and just left... I don't know, hard to pay attention to the guy honestly because he kind of just drones on and on. (*"Wait, so your mom lives in Michigan, but your dad moved to Tennessee... for a job?"* Yea man, I don't fucking know, not going to touch on that one.*)* The whole project was a shit show that was doomed to never get done, the way he tells it. And he's obviously jaded from multiple similar experiences at other life-sucking engineer jobs. My mom is a retired nurse practitioner who no longer works because of her illness. I ask him what he's doing for work now and he tells me he trades stocks from home. I didn't even know you could do that. I didn't know "trading" was a thing. I thought you just invest and hope for the best. + +"Oh that's cool, how much money do you need to do that?" + +"Ehh, most say you need at least $25,000 as a minimum" + +"Oh... guess I can't do that..." + + + +Six months later, I get a call and it's my dad. We talk a little about whatever. Off topic, he starts asking if I'm happy doing what I'm doing (I was a painter, commercial and residential) I tell him yes but it's kind of a pain in the ass and I don't see it as a long term thing. Then he gets around to asking if I'd like to come work with him. He basically pitches it to me. I'm not one to be sold on something, I'm always skeptical. So I ask all the questions that any rational person would ask and he just swats them away with reassuring phrases. He was real confident about it. But basically he says for this to work, I have to quit my job and move back home so he can teach me how to trade and be by my side so I don't do anything stupid. *"**~~My Name~~* *, you can make so much money."* I say that I can't raise the $25,000 because I'm not far above just living paycheck to paycheck. "I can help you out with that." Wow, okay, well... let me think about it. + +My "maybe" very soon turned into a "definitely." So over the next six months, I continue to work my day job painting, and I try to save up what I could for the transition (it wasn't a whole lot, I sucked at saving. I was great at spending though!). My dad gives me a book on day trading (which I will mention later) and I teach myself what I can about the stock market using Investopedia. Also in the meantime, my dad sends me encouraging emails. He tells me to think of an annual income I would like to make as a trader, and used "more than $100,000 but less than a million" as a guideline. He tells me about stocks that he traded that day or just ones that moved and describes the basic price action and the prices to buy and sell at. Basically saying "if you bought X amount of shares here and sold it at X price here, you could make a quick 500 bucks!" I then use a trading sim to trade those symbols and try to emulate what he says. Piece of cake. ;) + +*Wow, that's way more than what I make in a day.* + +He tells me not to tell anyone about my trading because most people just think it's gambling. "*Don't tell your Mom either."* He says most people who try this fail because they don't know how to stop out and take a loss. He talks about how every day he was in a popular chatroom, some noob would say something like, "Hey guys, I bought at X price (high of day or thereabout), my account is down 80% .. uhh I'm waiting for it to come back to my entry price.. what do I do??" + +*Well shit, I'm not that fucking dumb. If that's all it takes to make it is to buy low, sell high, and always respect a stop then I'll be fantastic.* + +By the end of September, I was very determined. I had been looking forward everyday to quitting my painting job because while it used to be something I loved, it was just sucking the life out of me at this point. Especially working commercial, you just get worked like a dog. I wasn't living up to my potential with that job and I felt awful for it every minute of every day. I knew that I needed a job where I could use my brain instead of slaving my body to fulfill someone else's dream. *"Someone's gotta put gas in the boss's boat"* That's a line my buddy once said that he probably doesn't know sticks with me to this day. + +*It ain't me.* + +So now it was October 2018, and I'm back living with Mom n' Pops. I was so determined that on my last day of work I gave away all of my painting tools to my buddy like, "here, I don't need this shit." Moving out of my rental was easy because I don't own much, 'can't take it with ya.' Excited for the future I now spend my days bundled up in winter wear in the cold air of our hoarder-like basement with a space heater at my feet. My laptop connected to a TV monitor, I'm looking at stocks next to my dad and his screens in his cluttered corner. Our *Trading Dungeon.* I don't trade any money, (I wasn't aware of any real-time sim programs) I just watch and learn from my dad. Now you've got to keep in mind, and look at a chart of the S&P, this is right at the beginning of Oct '18, I came in right at the market top. Right at the start of the shit-show. For the next three or four weeks, I watch my dad pretty much scratch on every trade, taking small loss after small loss, and cursing under his breath at the screen. + +Click. + +"*dammit."* + +*Click.* + +*"shit."* + +*Click. Click.* + +*"you fuck."* + +Click. + +This gets really fucking annoying as time goes on, for weeks, and I get this attitude like *ugh, just let me do it. I'll make us some fucking money.* So I convince him to let me start trading live. I didn't know anything about brokers so I set up an account using his broker, which was Fidelity. It was a pain and I had to jump through a lot of hoops to be able to day trade with this broker. I actually had to make a joint account with my dad as I couldn't get approved for margin because my credit score is shit (never owned a credit card) and my net worth, not much. Anyways, they straight up discourage day trading and I get all kinds of warning messages with big red letters that made me shit myself like ***oooaaahhh what the fuck did I do now. Did I forget to close a position?? Did I fat finger an order? Am I now in debt for thousands of dollars to Fidelity?? They're going to come after me like they came after Madoff.*** Even after you are approved for PDT you still get these warning messages in your account. Some would say if I didn't comply with "whatever rule" they'd even suspend my account for 60 days. It was ridiculous, hard to describe because it doesn't make sense, and it took the support guy on the phone a good 20 minutes to explain it to me. Basically I got the answer "yea it's all good, you did nothing wrong. As long as you have the cash in your account to cover whatever the trade balance was" So I just kept getting these warnings that I had to ignore everyday. I hate Fidelity. + +My fist day trading, I made a few so-so trades and then I got impatient. I saw YECO breaking out and I chased, soon realized I chased, so I got out. -$500. *Shit, I have to make that back, I don't want my dad to see this.* Got back in. *Shit.* \-$400. So my first day trading, I lost $900. My dumbass was using market orders so that sure didn't help. I reeled the risk back and traded more proper position size for a while, but the commissions for a round trip are $10, so taking six trades per day, I'm losing $60 at a minimum on top of my losing trades. Quickly I realized I didn't know what the hell I was doing. *What about my dad? Does HE know?* One day, in the trading dungeon, I was frustrated with the experience I'd been having and just feeling lost overall. I asked him. + +"So, are you consistently profitable?" + +"mmm... I do alright." + +"Yea but like, are you consistently profitable over time?" + +......................... + +"I do alright." + +*Silence.* + +"Do you *know* any consistently profitable traders?" + +"Well the one who wrote that book I gave you, Tina Turner.. umm and there's Ross Cameron" + +...................... + +"So you don't know any consistently profitable traders, personally.. People who are not trying to sell you something?" + +"no." + +................... + +*Holy fucking shit, what did this idiot get me into. He can't even say it to my face and admit it.* + +This entire life decision, quitting my job, leaving my rental, moving from my city to back home, giving shit away, it all relied on that. I was supposed to be an apprentice to a ***consistently profitable day trader who trades for a living.*** It was so assumed, that I never even thought to ask! Why would you tell your son to quit his job for something that you yourself cannot do? *Is this all a scam? Did my dad get sold a DREAM? Did I buy into some kind of ponzi scheme? How many of those winning trades he showed me did he actually take?* ***Are there ANY consistently profitable DAY TRADERS who TRADE FOR A LIVING?*** *Why do 90% fail? Is it because the other 10% are scamming the rest in some way?* Completely lost, I just had no clue what was what. If I was going to succeed at this, if it was even *possible* to succeed at this, it was entirely up to me. I had to figure it out. I still remember the feeling like an overwhelming, crushing weight on me as it all sunk in. *This is going to be a big deal..* I'm not the type to give up though. In that moment, I said to myself, + +***I'm going to fucking win at this. I don't know if this is possible, but I'm going to find out. I cannot say with certainty that I will succeed, but no matter what, I will not give up. I'm going to give all of myself to this. I will find the truth.*** + +It was a deep moment for me. I don't like getting on my soapbox, but when I said those things, I meant it. *I really, really meant it. I still do, and I still will.* + +Now it might seem like I'm being hard on my dad. He has done a lot for me and I am very grateful for that. We're sarcastic as hell to each other, I love the bastard. Hell, I wouldn't have the opportunity to trade at all if not for him. But maybe you can also understand how overwhelmed I felt at that time. Not on purpose, of course he means well. But I am not a trusting person at all and I was willing to put trust into him after all the convincing and was very disappointed when I witnessed the reality of the situation. I would have structured this transition to trading differently, **you don't just quit your job and start trading.** Nobody was there to tell me that! I was told quite the opposite. I'm glad it happened anyway, so fuck it. I heard Kevin O'Leary once say, + + *"If I knew in the beginning how difficult starting a business was, I don't know that I ever would've started."* + +This applies very much to my experience. + + + +So what did I do? Well like everyone I read and read and Googled and Youtube'd my ass off. I sure as hell didn't pay for a course because I didn't have the money and I'm like 99% sure I would be disappointed by whatever they were teaching as pretty much everything can be found online or in books for cheap or free. Also I discovered Thinkorswim and I used that to sim trade in real-time for three months. This is way the hell different than going on a sim at 5x speed and just clicking a few buy and sell buttons. Lol, useless. When you sim trade in real-time you're forced to have a routine, and you're forced to experience missing trades with no chance to rewind or skip the boring parts. That's a step up because you're "in it". I also traded real money too, made some, lost more than I made. went back to sim. Traded live again, made some but lost more, fell back to PDT. Dad fronted me more cash. This has happened a few times. He's dug me out of some holes because he believes in me. I'm fortunate. + +Oh yeah, about that book my dad gave me. It's called A Beginner's Guide to Day Trading Online by Toni Turner. This book... is shit. This was supposed to be my framework for how to trade and I swear it's like literally nothing in this book fucking works lol. I could tell this pretty early on, intuitively, just by looking at charts. It's basically a buy-the-breakout type strategy, if you want to call it a strategy. No real methodology to anything just vague crap and showing you cherry-picked charts with entries that are way too late. With experience in the markets you will eventually come to find that MOST BREAKOUTS FAIL. It talks about support/resistance lines and describes them as, "picture throwing a ball down at the floor, it bounces up and then it bounces down off the ceiling, then back up." So many asinine assumptions. These ideas are a text book way of how to trade like dumb money. Don't get me wrong, these trades can work but you need to be able to identify the setups which are more probable and identify reasons not to take others. So I basically had to un-learn all that shit. + +Present day, I have a routine in place. I'm out of the dungeon and trade by myself in my room. I trade with a discount broker that is catered to day traders and doesn't rape me on commissions. My mornings have a framework for analyzing the news and economic events of the particular day, I journal so that I can recognize what I'm doing right and where I need to improve. I record my screens for later review to improve my tape reading skills. I am actually tracking my trades now and doing backtesting in equities as well as forex. I'm not a fast reader but I do read a lot, as much as I can. So far I have read about 17-18 books on trading and psychology. I've definitely got a lot more skilled at trading. + +As of yet I am not net profitable. Writing that sounds like selling myself short though, honestly. Because a lot of my trades are very good and are executed well. I have talent. However, lesser quality trades and trades which are inappropriately sized/ attempted too many times bring down that P/L. I'm not the type of trader to ignore a stop, I'm more the trader that just widdles their account down with small losses. I trade live because at this point, sim has lost its value, live trading is the ultimate teacher. So I do trade live but I just don't go big like I did before, I keep it small. + +I could show you trades that I did great on and make people think I'm killing it but I really just don't need the validation. I don't care, I'm real about it. I just want to get better. I don't need people to think I'm a genius, I'm just trying to make some money. + +Psychologically, to be honest with you, I currently feel beaten down and exhausted. I put a lot of energy into this, and sometimes I work myself physically sick, it's happened multiple times. About once a week, usually Saturday, I get a headache that lasts all day. My body's stress rebound mechanism you might call it. Getting over one of those sick periods now, which is why I barely even traded this week. I know I missed a lot of volatility this week and some A+ setups but I really just don't give a shit lol. I just currently don't have the mental capital, I think anyone who's been day trading every day for a year or more can understand what I mean by that. I'm still being productive though. Again, I'm not here to present an image of some badass trader, just keeping it real. To give something 100% day after day while receiving so much resistance, it takes a toll on you. So a break is necessary to avoid making bad trading decisions. That being said, I'm progressing more and more and eliminating those lesser quality trades and identifying my bad habits. I take steps to control those habits and strengthen my good habits such as having a solid routine, doing review and market research, taking profits at the right times, etc. + + + + So maybe I can give some advice to some that are new to day trading, those who are feeling lost, or just in general thinking *"...What the fuck..."* I thought that every night for the first 6 months lol. + +First of all, **manage expectations.** If you read my story of how I came to be a trader, you can see I had a false impression of trading in many aspects. Give yourself a realistic time horizon to how progress should be made. Do not set a monetary goal for yourself, or any time-based goal that is measured in your P/L. If you tell yourself, "*I want to make X per day, X per week, or X per year"* you're setting yourself up to feel like shit every single day when it's clear as the blue sky that you won't reach that goal anytime soon. As a matter of fact, it will appear you are moving further AWAY from that goal if you just focus on your P/L, which brings me to my next point. + +**You will lose money.** In the beginning, most likely, you will lose money. I did it, you'll do it, the greatest Paul Tudor Jones did it. Trading is a skill that needs to be developed, and it is a process. Just look at it as paying your tuition to the market. Sim is fine but don't assume you have acquired this skill until you are adept at trading real money. So when you do make that leap, just trade small. + +**Just survive.** Trade small. get the experience. Protect your capital. To reach break even on your bottom line is a huge accomplishment. *In many ways, experience and screen time are the secret sauce.* + +**Have a routine.** This is very important. I actually will probably make a more in-depth post in the future about this if people want it. When I first started, I was overwhelmed with the feeling *"What the fuck am I supposed to DO?"* I felt lost. There's no boss to tell you how to be productive or how to find the right stocks, which is mostly a blessing, but a curse for new traders. + +**All that shit you see, don't believe all that bullshit.** You know what I'm talking about. The bragposting, the clickbait Youtube videos, the ads preying on you. "I made X amount of money in a day and I'm fucking 19 lolz look at my Lamborghini" It's all a gimmick to sell you the dream. It's designed to poke right at your insecurities, that's marketing at it's finest. As for the bragposting on forums honestly, who cares. And I'm not pointing fingers on this forum, just any trading forum in general. They are never adding anything of value to the community in their posts. They never say *this is how I did it.* No, they just want you to think they're a genius. I can show you my $900 day trading the shit out of TSLA, but that doesn't tell the whole story. Gamblers never show you when they lose, you might never hear from those guys again because behind the scenes, they over-leveraged themselves and blew up. *Some may actually be consistently profitable and the trades are 100% legit.* That's fantastic. But again, I don't care, and you shouldn't either. You shouldn't compare yourself to others. + +**"Everyone's a genius in a bull market"** Here's the thing.. Markets change. Edges disappear. Trading strategies were made by traders who traded during times when everything they did worked. *Buy all the breakouts? Sure! It's the fucking tech bubble! Everything works!* I'm sure all those typical setups used to work fantastically at some point in time. But the more people realize them, the less effective they are. *SOMEONE has to be losing money on the opposite side of a winning trade*, and who's willing to do that when the trade is so obvious? That being said, some things are obvious AND still work. Technical analysis works... sometimes. The caveat to that is, filters. You need to, in some way, filter out certain setups from others. For example, you could say, "I won't take a wedge pattern setup on an intraday chart unless it is in a higher time frame uptrend, without nearby resistance, and trading above average volume with news on that day." + +**Have a plan.** If you can't describe your plan, you don't have one. Think in probabilities. You should think entirely in "if, then" scenarios. *If X has happens, then Y will probably happen. "If BABA breaks this premarket support level on the open I will look for a pop up to short into."* + +**Backtest.** Most traders lose mainly because they think they have an edge but they don't. You read these books and all this stuff online telling you "this is a high probability setup" but do you know that for a fact? There's different ways to backtest, but I think the best way for a beginner is manual backtesting with a chart and an excel sheet. This builds up that screen time and pattern recognition faster. [This video](https://www.youtube.com/watch?v=FSIRv_eajzI&t=1230s) shows how to do that. Once I *saw* someone do it, it didn't seem so boring and awful as I thought it was. + +**Intelligence is not enough.** You're smarter than most people, that's great, but that alone is not enough to make you money in trading necessarily. Brilliant people try and fail at this all the time, lawyers, doctors, surgeons, engineers.. Why do they fail if they're so smart? *~~It's all a fucking scam.~~* No, a number of reasons, but the biggest is *discipline* and *emotional intelligence.* + +**Journal every day.** *~~K no thanks, bro. That's fucking gay.~~* That's how I felt when I heard this advice but really that is pride and laziness talking. This is the process you need to do to learn what works for you and what doesn't. Review the trades you took, what your plan was, what actually happened, how you executed. Identify what you did well and what you can work on. This is how you develop *discipline* and *emotional intelligence,* by monitoring yourself. How you feel physically and mentally, and how these states affect your decision-making. + +**Always be learning.** Read as much as you can. Good quality books. Here's the best I've read so far; + +Market Wizards -Jack Schwager + +One Good Trade -Mike Bellafiore + +The Daily Trading Coach -Bret Steenbarger + +Psycho-cybernetics -Maxwell Maltz + +Why You Win or Lose -Fred Kelly + +The Art and Science of Technical Analysis -Adam Grimes + +Dark Pools -Scott Patterson + +**Be nimble.** Everyday I do my research on the symbols I'm trading and the fundamental news that's driving them. I might be trading a large cap that's gapping up with a beat on EPS and revenue and positive guidance. But if I see that stock pop up and fail miserably on the open amidst huge selling pressure, and I look and see the broader market tanking, guess what, I'm getting short, and that's just day trading. *The movement of the market, on an intraday timeframe, doesn't have to make logical sense.* + +**Adapt.** In March I used to be able to buy a breakout on a symbol and swing it for the majority of the day. In the summer I was basically scalping on the open and being done for the day. Volatility changes, and so do my profit targets. + +**Be accountable. Be humble. Be honest.** I take 100% responsibility for every dime I've lost or made in the market. It's not the market makers fault, it wasn't the HFTs, *I pressed the button.* I know my bad habits and I know my good habits.. my strengths/ my weaknesses. + +**Protect yourself from toxicity.** Stay away from traders and people on forums who just have that negative mindset. That "can't be done" mentality. *~~Day trading is a scam!!~~* It can certainly be done. ~~Prove it, you bastard.~~ I'm posting to this particular forum because I don't see much of that here and apparently the mods to a good job of not tolerating it. As the mod wrote in the rules, they're most likely raging from a loss. Also, the Stocktwits mentality of "AAPL is going to TANK on the open! $180, here we come. $$$" , or the grandiose stories, "I just *knew* AMZN was going to go up on earnings. *I could feel it.* I went ALL IN. Options money, baby! ka-ching!$" Lol, that is so toxic to a new trader. Get away from that. *How will you be able to remain nimble when this is your thought process?* + +**Be good to yourself.** Stop beating yourself up. You're an entrepreneur. You're *boldly going where no man has gone before.* You've got balls. + +Acknowledge your mistakes, don't identify with them. Y*ou are not your mistakes and you are not your bad habits*. These are only *things that you do*, and you can take action necessary to *do them less.* + +It doesn't matter what people think. Maybe they think you're a fool, a gambler. You don't need their approval. You don't need to talk to your co-workers and friends about it to satisfy some subconscious plea for guidance; *is this a good idea?* + +*You don't need anyone's permission to become the person you want to be.* + +They don't believe in you? Fuck 'em. ***I believe in you.*** +Hello, + +My name is Chadley. For the past year I have gotten very into the defi scene and using bots and a variety of other strategies to make passive income with cryptos. I normally do not have additional fiat to invest into cryptos, so my goal for the past year has been to use my cryptos to accumulate more coins, and more value. I wanted to make money when the market was static, when the prices were going down, and ofcourse beat the market average when the market was trending upwards. I wanted to have more coins each day than I did the previous day. I did not want to simply hodl my coins, I wanted to multiply them. There are a large number of defi tools that allow you to do this as well as many different types of trading bots that can be utilized to varying degrees of effectiveness. I wanted to make a post to cover the a few of the most common strategies that are used to earn passive income with cryptos and outline my experience/opinions/results with each strategy. I have a lot of experience with all of them at this point. I am a moderator of a crypto farming group, so I consider myself experienced enough to make a post to help others understand how they can possibly utilize the tools available. + +**The Experiment** + +Over the past 2 months I have carefully monitored my results with a variety of strategies. I won't share the exact numbers of my investments and revenues, but I will share the % profits I've made over the past 60 days. There is a lot of misinformation spreading over many of these methods, so I wanted to include my written analysis of each in an effort to dispel some common misinformation, and show people what is possible/likely. + +The 6 methods I wanted to cover are: + +1. Staking +2. Lending +3. Yield Farming +4. Leveraged Yield Farming +5. Grid Trading +6. Prestaking/Prefarming + +# Results + +&#x200B; + +[Passive Earning Strategy Results and Ratings](https://preview.redd.it/kp75adh2ptl71.png?width=552&format=png&auto=webp&s=baed5b0a1d7e8a0f05a2c5bc1d656b6cdd4a97a5) + +As you can see from my above table, I rated each strategy based on the effort required, the profit, and how I perceive the risk. The final column is my profit as a % of amount invested over 60 days. + +&#x200B; + +* **Effort Rating** \- Each strategy varies in exactly how passive it is. Staking often requires little to no effort, perhaps maybe compounding every once in awhile. Prefarming/Prestaking is super simple, but finding and vetting the opportunities requires lots of research and an understanding of what makes a good project. I also consider how often you have to check in on an app that you are utilizing for each particular strategy. Simply put, the effort rating I assigned was how much time and "skill" each of these strategies requires to do well. Anyone can throw money into a farm and get lucky/unlucky, but careful selection and risk management takes some degree of research, understanding, and practice. +* **Profit Rating** \- Profit was a bit difficult to assign for some methods. I suspect some of my results may be a good bit below the average for a skilled investor. I'm certain a good grid trader could do way better than I did. I made some careless mistakes like not checking my investments often enough. I could've compounded my farms more, or adjusted grid trading parameters more frequently. With most of these strategies you could do do far better or worse than me. Also I tried to consider opportunity cost (with grid trading) into my rating. Most importantly, please note -- I DID NOT CONSIDER THE PRICE CHANGES OF THE ASSETS. I ONLY CONSIDERED HOW MANY MORE COINS I HAD AT THE END OF THE 60 DAYS THAN AT THE BEGINNING OF THE 60 DAYS. So I tried to keep my numbers totally independent of any price changes in the underlying assets, but that becomes very difficult to do with yield farming and leveraged yield farming. +* **Risk** **Rating -** By risk I don't necessarily mean how likely you are to lose money. I am also considering things like what is the worst possible outcome (even if I haven't experienced it) ?And what is the opportunity cost of using that particular strategy compared to simply hodling? Anytime you send your money to a dapp, there is some added risk. For example, some may perceive lending as super low risk, but to get a decent revenue from lending, you must send your money to 3rd party dapps, which inherently has more risk than keeping your coins in your wallet. Or with grid trading, on longer timelines it becomes nearly impossible to lose money, but you may lose exposure and partially miss out on benefits of a bull market run, that you would have had if you were simply hodling. +* **My Profit Over 60 Days -** My profits may not be indicative of how these opportunities will play out for you, as I happen to run my experiment over a particularly great 60 days. But these numbers should be ballpark of what you can expect. + +&#x200B; + +# Important Information to Consider + +**How to Assess Profits** + +When assessing how much I earned with each strategy, please note I did not consider the profits my cryptos increasing in value. If I was lending ETH for example, I did not consider the fact that my ETH went from 2,000 to 3,900 during this experiment. I simply considered how much more ETH I had at the end of the 60 days than at the beginning of the 60 days. I also tried to control for inflation in my profit numbers by doing my best to pick coins with little inflation, but this is impossible to do perfectly as there are soo many variables with little to no data. + +**Tokenomics** + +When judging profits, simply looking at how many coins you gained is not a good strategy. It is important to understand the tokenomics of the underlying assets. For example, a coin like ALGO is roughly inflated by 6% every year, as all holders earn 6% staking fees on their ALGO. So the fact that your ALGO holdings multiply by 0.06 each year DOES NOT MEAN YOU ARE MAKING 6% ADDITIONAL PROFIT! It just means that ALGO should perform 6% worse than it would if it weren't paying the additional 6%, or roughly 6% worse than a coin that has a 1:1 market cap correlation with ALGO but does not pay the staking rewards. To understand this, imagine if 2 coins both had their market caps double. One is a stakable coin, one is a proof of work coin. The stakable coin pays 6% staking rewards, and 100% of coin holders are staking it. You would make the same profit on each coin, despite one paying 6% staking rewards, while the other pays nothing. I would rather earn 5% on a coin that has no inflation, like BTC, than I would earn 50% on a coin that has a 60% inflation rate. If you earn equal to or less than the inflation rate, you're moving backwards or staying the same. + +\*\* Note, I'm not bashing ALGO and I do hold some in my portfolio. I just think the staking mechanism is a bit misleading, and does not provide additional value. Coinbase makes it sound like if you hold ALGO you're printing money. + +It is also important to calculate in any burns that are included in the tokenomics. Consider CAKE for example. CAKE historically has paid out 150% APR staking rewards. That sounds great, until you consider than 99% of Cake holders were staking for that same 150% APR. So at first glance, CAKE staking seems to be worthless, you're just keeping up with inflation. But when you consider that the Pancakeswap team does massive monthly burns, equal to roughly half of the inflation, you realize that CAKE staking actually was effectively paying out decent yields, all things considered. But this was due moreso to the burns than to the crazy high staking yields. A good rule of thumb for finding good staking coins is to look for coins that pay a decent staking yield AND are difficult to stake, as they will likely have less people staking them, thus they will have lower inflation, and thus the profits should be greater relative to the inflation. If you can earn a staking yield on a deflationary coin backed by a strong project, that is an excellent opportunity. + +# My Analysis on Each Earning Strategy + +**Staking** + +I typically do not stake any coins that can be automatically staked on major platforms like Binance and Coinbase. You get more coins, but typically only at the rate of inflation. If you aren't earning faster than the inflation of that coin, you're moving backwards or staying the same. Instead I like to stake coins like BNB that require you to transfer them to a Wallet and lock a certain amount in for X days. Most BNB holders were not staking their BNB, thus the inflation was low. Staking is simple enough and you can find plenty of resources on it, so I won't cover it in detail here. A great POS coin, in my opinion, has to be locked in to earn maximum profits, requires you to hold a certain amount in order to stake it, is backed by a strong project, and has some kind of burn or other deflationary mechanism. If you read the documentation for any POS project, you should be able to compare the staking rate to rate of inflation for that project. There are worthy POS coins on CEX apps, but in general I try to stay away from coins that are autostaked on all centralized exchanges, as the rewards are ubiquitous. + +EDIT: To rephrase this, I do hold some coins that are stakable on major platforms, but I hold those because they have interesting projects, not because I intend to earn substantial value from the staking rewards. There are some POS coins on Binance/Coinbase that I believe offer great speculative value, I just think the large inflation from ubiquitously staked coins largely negates the benefits of staking rewards. I'm not intending to bash any projects, just dispel the myth that staking is inherently profitable. If you receive 100% of your staking rewards, you are at the very least keeping up with inflation. I just don't like centralized exchanges that siphon a portion of the staking rewards while claim that you are printing money by auto staking coins with them. It seems predatory to me. + +**Lending** + +There are many ways to lend coins, but in general I've found the best rates on defi. CEX lending is safer, but the rates tend to be lower. Defi lending rates vary wildly, the newer/smaller the platform, typically the higher the lending rates are. On leveraged yield farming platforms i've seen lending opportunities paying rates over 100% APR, but these typically do not last long. Overall lending rates tend to range from 4-30% per year on longer timescales. Best rates are normally on stable coins. Anytime you have to send your coins out of your wallet to some defi app, there is some risk though. The fact that you can earn on coins that have no inflation, or are deflationary, makes lending a substantially better option than staking in my opinion. + +**Yield Farming -** Yield farming is a very interesting way to earn passive income. It can get very complex if you want to understand it comprehensively, however the basics are as follows: you provide 2 coins into a liquidity pool on some AMM dapp, or some 3rd party dapp that aggregates your funds in order to provide liquidity on your behalf. The liquidity allows others to trade between the 2 coins in the liquidity pool. You earn a portion of the trading fees between those 2 coins, and normally other rewards as incentives. You can then periodically reinvest your earnings, to create an exponential gain in profit over time. Yield farming is not without risk. Your exposure changes when you trade your tokens for LP tokens. Your new exposure includes a ratio between the 2 coins prices', in addition to exposure to the actual price of the coins. It becomes possible for you to lose money when both of the 2 coins you are using to farm increase in value. Losing value due to the change in price ratio is called impermanent loss. Overall though, if you pick a pair that has strong price correlation, the IL becomes negligible on longer timescales. To summarize this method, you are providing a financial service that is typically provided by banks or (in the case of crypto on centralized exchanges) by CEX themselves. You are acting as a bank would, and earning a rate similar to what bank or CEX would. You take on additional risk, for additional rewards. If you do not carefully pick your pairs, there is a lot of risk here. Do not fall into the trap of going for pairs that pay absurdly high APR/APY. They are almost always a shitty deal. For most farms on good coins over long timescales, you can expect to earn somewhere between 20%-60% APR. Compounding your earnings over years can work out to astronomical amounts. Sometimes you'll get lucky and find a great pair paying 80%+ APR, but if it's truly great, that opportunity won't last long, the APR will come down as more people provide liquidity for that pair. Never yield farm a coin that hit it's highest point shortly after launch. Never yield farm tokens if you do not understand their tokenomics or the service the associated project provides. Be very weary of any farms paying over 150% APR, there is a reason they are paying those absurdly high rates. I've watched YT videos and read discussions of people saying that they aim to make 1% per day for months or even years which is simply not realistic. + +Yield farming is simple to do, it's not as hard as it sounds. A single youtube video can show you how it works much easier than it can be explained via text. An ELI5 version of yield farming would be to say -- "Yield farming is essentially staking 2 coins together at the same time for bonus rewards and additional risks. When farming large market cap coins, like ETH, MATIC, etc., the additional reward outweighs the additional risk." + +**Leveraged Yield Farming -** There exist a small number of platforms that will allow you to borrow money to yield farm. With leveraged yield farming, you can borrow A LOT. Some platforms will let you borrow as much as 50x your investment, because your collateral stays on their platform, and they will automatically liquidate your position the second that you get too close to going negative in balance. This gets risky, as now you are paying interest. You must consider how much of which coins you are borrowing, you must consider the payout, and the impermanent loss. If things go south, your position can be liquidated, and you will lose your entire investment. But if done properly, you can make a lot of money with this strategy. You have to be very careful and really understand what you're doing in order to have success with leveraged yield farming. However this method of borrowing to earn is way more profitable and less risky than the leveraged futures that many centralized exchanges offer. This strategy can be great during bear or static markets, but is risky during bull markets. With leveraged yield farming you generally want to avoid pairs in which one coin is stable and one coin is not, as these pairs introduce a guarantee of higher impermanent loss. You can implement high level strategies here, like borrowing one coin of your pair to essentially short that coin while going long on the other -- all while earning nice yields. The key factor with leveraged yield farming is to pick 2 coins that have very high correlations, like MATIC/QUICK, or ETH/BTC. + +**Grid Trading -** I could write a dissertation on the nuances of grid trading. This is one method that is readily available on some common CEX's, but I have noticed that few people understand what they are doing and how to optimize it, nor the risks that accompany it. Basically grid trading is a strategy in which you put up a bunch of buy and sell offers. Anytime the price rises x%, you sell. Anytime the price falls x%, you buy. Then the offer is replaced with the opposite. There are bots that automate this entire process. You input a few parameters, such as the desired coin to trade, the number of offers you want to set, a buy-in price, an exit price, and then the bot does the rest for you. What most people don't realize with this strategy though, is that to truly optimize it, you have to set narrow parameters and check back frequently. Also, during a bull run, you may lose your exposure to the assets you are trading, because the bot sold you out as the price started to climb. This means that situations are possible where you would've been better off simply holding your coins. Grid trading is low risk though as there is almost no chance to lose money on longer time scales, unless the assets price continually drops forever. The risk of grid trading comes from opportunity cost, the potential to miss out on an upside. Overall this method is great during bear market phases or during static market phases. Just keep in mind the trading fees, and the opportunity cost that you take on by selling out of the assets if the market takes off. If you check on your bot daily, set narrow parameters, buy and sell every time the price changes 1%, you can achieve better profits than me. You must also utilize an exit point to avoid losing more exposure than you'd like if your selected asset moons. + +**Prefarming/Prestaking -** The last and most profitable of the strategies I experimented with is prefarming/prestaking. When a new coin/project launches, their first priority is to acquire a lot of liquidity, so people will have confidence that they can freely trade in and out of their coin on AMM dapps. So they need to acquire liquidity before launching. To do this they will provide great incentives for people to provide liquidity prior to their launch. This is definitely the least passive of the methods I have covered, but if you monitor a handful of websites closely, you can find some great opportunities to get in on brand new projects prelaunch. These opportunities are almost always limited though, they will only let you invest a certain amount. I have done 6 prefarms, and all 6/6 have gone well, with the lowest being 50% profit, and the highest being 500% profit in a matter of weeks. Please keep in mind my experience here is positive but limited. I have never invested large sums into a single prefarm before as I simply did not have the balls to do it. There is risk here, there is always potential that the project is scammy or garbage, or the site running the prefarm is exploited in some way. I've had some of my prefarms suffer technical difficulties or be the victim of an exploit before I could cash out, but in the end I've always walked away with more than I invested. It's definitely possible to lose 100% of your investment in a worst case scenario though. And i'm sure there are examples of that. I'm sure there are failed prefarming projects that I am not aware of. I chose each of the prefarms I participated in very carefully. You MUST do your due diligence here. Make sure every coin you prefarm has a website, discord, twitter, and they provide a service that is unique in some way. Generally, I wouldn't hold onto these coins long unless you really believe in their project. I like to get in during the prefarm, and then get out as soon as the assets price sees ANY downward momentum. Also, it's worth noting you will have typically have to take on exposure to their new coin, or some other undesirable asset for a period of time, but good platforms will make it worth your while by rewarding you for taking on risk to help them get started. Because this method is a type of farm, and could be potentially be automated with a complex bot, I opted to include it in my experiment, even though it is not passive in the way that the other methods are. It's a great tool to utilize if your goal is to use your coins to earn optimally and you are willing to put a good bit of time into research. + +**Conclusion** + +In conclusion, there are a number of ways to earn with your coins. You can accumulate value without putting any more fiat into your portfolio. You can do it with the coins you already hold. Many of these strategies aren't available on every exchange, so you'll have to explore a bit, but they're out there if you're willing to take on a bit more risk. If you want to earn optimally you will probably have to familiarize yourself with defi and the dapp tools, but that should be an interesting and useful exercise for most investors anyway. My results should shine a light on the options and capabilities available to every crypto investor, and the power and excitement that is the modern defi scene. You can use your cryptos to earn in ways that historically were only available to large corporations or those with massive amounts of wealth. You can act as a bank, and earn like a bank. You can provide liquidity. You can facilitate payments. You can earn from market volatility. You can fund a crypto startup project. I hope some people find this information useful, or at the very least interesting. Thank you for reading! + +Edit: Upon rereading, I realized this initially came off like I was kind of bashing centralized exchanges. I know most investors use CEX's because they are safer and more user friendly. I've used them primarily for the majority of my time in crypto. I just feel like they misrepresent the benefits of staking/lending coins on their apps. But CEX have a very important role in crypto, and I use them on a daily basis. If you have an appetite for risk, and are willing to move some coins into a capable wallet, you can earn more with the tools available to you in defi. For grid trading though, the best bot I have found is in fact on a CEX. + +If you are getting into defi and have not explored it before, I'd advise visiting websites like **AAVE, BALancer, COMPound, SUSHIswap, panCAKEswap**... Google those projects, each of those major coins has an entire website associated with it that offers various tools to help you earn passively. If you are interested in using your coins to earn and haven't at least visited those project's websites, i'd advise you to check them out ASAP! Dappradar is also great catch-all website to monitor all defi apps and the trends surrounding them. If you want a simple coin to stake that requires little to no effort and produces decent profits, i'd advise CAKE via pancakeswap, or BNB directly from any capable wallet. To find ICO, IDOs, IFOs, and other prestaking/farming opportunities, you can browse dappradar, pancakeswap’s IFO section, Quickswap’s IDO section, and there are tons more sites that will offer some kind of prelaunch farming. You have to check back weekly to find the opportunities as most of the time there aren’t any available. +Back about a month ago when we made the rise to $40, then $50, everyone was cheering the flipping was happening. I made a fairly popular post about it. https://www.reddit.com/r/ethtrader/comments/61cinw/the_flippening_is_here/ + + +I've come back with more data to show that we are well into the flippening. + + +The Flippening is not necessary about Ether's rise, but more or less about how Bitcoin's market cap and value continues to decrease allowing for other Cryptocurrencies like Ether to take over and become major players. Today the global market for all currencies is currently at $32.7B USD. This is outstanding, coming up from almost $2B in over a single day, with more than half of that being Ether's price increase from $51 to $60 we are at currently in the last day. + + +Now, we have all been tracking Bitcoin prices. We're in a bit of a bubble, with Bitcoin at a ATH of $1335 on GDAX, and $1425 USDT on Bitfinex. All market indicators have shown Bitcoin to be SEVERELY overbought, with the Bitfinex / USDT bank issues being the center fold. Bitfinex has created it's own Mt. Gox like bubble with users unable to get Fiat in or out via banks to USDT, driving USDT down to current price of $0.931 USD on Kraken. Things are different now though, as users can exit and withdraw their Bitcoin to other exchanges, such as GDAX, Kraken, Gemini, etc. This is has been shown the case as many of Bitfinex cold address reserves have shown MASSIVE withdrawals over the past 2 weeks this build up has been going on. People wanting to exit buy BTC on Bitfinex, driving prices up, then transfer to other exchanges or private wallets. Some people have exited on GDAX, driving the price different for other exchanges down. What I speculate is many are sitting on their Bitcoin, waiting for the moment that everyone who wants out of Bitfinex is over, and buy pressure stops. They are waiting for the price to top out so that they can sell and take major profit. On top of this, the entire run up has been on low volume. Very unhealthy. + + +When this Bitfinex bubble pops, and people stop buying on Bitfinex.. and price starts to drop, Bitcoin's price will drop even further, reducing both it's Market Cap, and Market Cap percent to a HUGE degree. + + +Numbers: +https://coinmarketcap.com/charts/ +You can see, as of just over a month ago, March 8th for example, Bitcoin had 84.5% of the CryptoCurrency market cap. Total market cap was at about $22.7B at the time, making bitcoin at $19.2B, and all other Altcoins including Ether at $3.5B. +Since then... Ether, Altcoins, and Tokens have SURGED. Currently...even with the recent RALLY/BUBBLE of Bitcoin to $1340, Bitcoin only holds 65.1% of the Market Cap, which is $32.8B currently, making Bitcoins market cap about $21.4B currently. The entire Cryptocurrency market cap has SURGED. Bitcoin gained $2B, but Altcoins are now $11.4B to the market, Etherum is $5.3B of that combined total, and today alone has surged almost $1B. In the past month Altcoins have added $7.9B to the market cap. THIS IS INSANE and shows the days of Bitcoin dominance is over or at the least about to come to a close. All this.. and Bitcoin hasn't even burst yet. Once it spins down from it's current ATH... we will really see The Flippening©. At this rate, it will not be long until combined Altcoin totals are higher than Bitcoin. Even if Bitcoin remains at these levels, Altcoin's and Ether's pickup will still surpass it eventually, just not as soon as we would hope. + + +That my friends is my case for the Flippening^© + +Soon^© +I'm living in the Netherlands, 29 years old, working in IT and hodling since March 2016. + +I can remember someone posting a couple weeks ago "we are not the early adapters, we are the lunatics". As for many of you, I've been surprised by the small amount of people, even in IT, who knew about Ethereum. But things have changed!! Ethereum is on the radio, TV and I hear colleagues talk about it. So my prediction is: they start reading about it, hesitate buying some, but eventually BUY some! + +Anyone familiar with the product live cycle? Watch where the early adaptors phase goes! UP UP UP +Does anyone know of any companies / or realistic examples of Cash Flow statements that look superficially good/positive, but the overall business is still a bad investment? Perhaps due to large +but infrequent CapEx that negates a lot of the positive cash flow -- or any other business conditions I'm failing to imagine. + +Basically, I'd like to learn some edge case / pitfalls when it comes to Operating Cash Flow and/or Net Cash Flow +I wanted to ask your opinion, do you look at the compensation of execs in relation to Net Income, and if it's a deal breaker for you when researching a company? + +For example, I'm looking at III (information services group), and their CEO was compensated with equivalent of $5m , while Net Income was $15m in 2021. It's even worse in 2020, when his total compensation was MORE than the company's Net Income. Most of the compensation was through stock awards/options. + +In the same respect, but different proportions, the new CEO of Intel has a total compensation in 2021 of $178m . Compared to profit or FCF, it's nothing... But in absolute terms, it's completely insane. + +I do own INTC +The other day I discussed Options with a friend and I noticed that there are a lot of misconceptions out there. Call options got a bad reputation recently and I assume this is mostly because of the yolo stuff you see on reddit’s infamous wallstreetbets and twitter.  + +But can you also use Call options to express value investments? I wanted to share a few thoughts on this. + +This is not financial advice and before you buy any options I would recommend that you read up on them. I put a good book in the description below. + +So lets talk about Options. When people think of options they think about rampant speculation. Like someone buys a cheap option that expires by the end of this week. In my view this is speculation and I would strongly advice against it. Occasionally you see some people posting about how much money they made but the sad truth is that most people will lose their hard earned money this way.  + +NOBODY can predict where a stock price will be by the end of his week. There are simply too many variables and a few days isn’t a very long time horizon.  + +But here is the good news. You can also buy options that are 1-2 year out. So this puts the odds in your favor because it is much easier to predict if a stock will be up in 2 years from now compared to two days. + +So here is an idea how you can use call options to express your value investment idea. I will not get into all details about options here but basically an option gives you the right to buy an asset for a pre determined price. You don’t have to buy the stock later and can also just sell your option if you want to.  + + Let’s say that based on your research you find a stock that is about 50% undervalued. So StockX is selling for $50 usd but based on your research you believe it could be trading at $100 in a few years. + +So what you can do now is check the options chain.  + +The options chain basically shows you all the options contracts that are available for purchase for this Stock  + +Lets look at June 2023. Luckily for you you can buy the $40 strike price for $15 usd. Buying this contract would set you back $1500 and depending on your broker you also pay a small fee. + +Ok what does this mean now. IF by June 23 the Price of the Stock is above 55 Usd ( $40 + premium of $15) then you are at breakeven. This doesn’t sound amazing at first that to if the stock would move up by 10% over 2 years you would barely breakeven.  + +But lets wait. You of course thought it could reach 100 so here is how your profits could look like if the price appreciates further than 55. + +Lets say the stock reaches $70 within 2 years.  + +If you would have owned the stock outright you would have earned a decent 40% over 2 years. That's a great return BUT your options are actually up a 100% ! Yes that's right. The options you paid $1500 for are now worth $3000  + +If the price moves to 85 a share over 2 years you tripled your money as your options would now be worth $4500. Lets also not get greedy but do you see the difference? If you’re right about the direction of the stock over 2 years then you can make a lot more money by using call options.  + +Side note: Keep in mind option holders do not collect dividends so you have to calculate this into your profits   + +When you think about using options for your value investment ideas make sure that you pick a realistic price and a contract that has enough time + +Furthermore the premium you pay has to make sense. The numbers I used in my sample might not be available for you.  + +Don’t buy options that require unrealistic moves to move into the money. Let’s take my sample again + +Lets say the option would cost $30 usd for the $40 strike price and today’s price is $50. You would  need a 40% move just to break even. In this case the Investment might not make any sense and It would be better to buy the stock outright. + +But what I am saying is this. When you found an undervalued stock then have a look at the 1-2 year options contracts and see if you can find a real bargain.  +If people ask me what to buy, I always tell them I don’t give financial advice. That’s because I won’t sleep at night if one of my friends loses money on my bad DD. +However, my longtime girlfriend now would like to start investing. She would like some guidance from me on which companies to start researching. I don’t really want to tell her to just buy SPY based of mungers comments on index funds. So I’ve been trying to come up with a list of relatively safe (in long term prospects) and reasonably stocks for her to choose from. + +Here’s my list so far: +Starbucks +Facebook +Google +Netflix +FedEx +JP Morgan +Bank of America +Canadian National Railway +Lowe’s +Proctor and Gamble +Adidas + +Please help me in adding to the list for her to choose from. +Anybody here with a strong opinion on $DOLE, the delicious banana-producing, pineapple-loving company? + +**About Dole** + +Dole plc (previously named Dole Food Company, Standard Fruit Company) is an American - Irish agricultural multinational corporation headquartered in Ireland. The company is the largest producer of fruit and vegetables in the world, operating with 74,300 full-time and seasonal employees who are responsible for over 300 products in 90 countries. Dole markets such food items as bananas, pineapples, grapes, strawberries, salads, and other fresh and frozen fruits and juices. Dole owns a shipping line, "Dole Ocean Cargo Express". + +**Rationale** + +There's probably nothing less boring than watching vegetables and bananas grow. But $DOLE is not in the entertainment business, but yummy-tummy business. I see it as a potential value play, especially in light of the ongoing war in Ukraine which is significantly going to impact global food supplies. Now I know that bananas and pineapples are not a perfect substitute for wheat, but hell, if people are going to be hungry while food will be getting scarcer and more expensive, it *will* have an impact on those damn pineapples and bananas too eventually. + +**Financials and Valuation** + +LTM Revenues $6.5bn, revenue CAGR (2015-20) of 6.8%. I am ignoring 2021 due to some corporate activity (probably M&A, haven't digged into it yet). 2021 was marked by a loss (I assume due to the corporate changes), but in previous years the company was always profitable, although I admit the margins don't seem to be strong. However, in a scenario of lower food supplies, pricing power could shift to primary food producers as food products will become scarcer. This could have a very positive impact on the margins in the short-term. + +On the other hand, they have productive assets in the Netherlands which probably need natural gas in their greenhouses (no disclosure provided on role of energy costs in their production) and I also have a questionmark about the use of nitrate-based fertilizer (again an input which is highly dependent on natural gas prices, so eventually input costs could rise drastically too). + +Dividend yield is 2.5%, forward PE ratio of 9.1, forward EBITDA-multiple 7.6. This puts them among the lowest-valued companies in the sector. Only Sanderson farms (poultry producer) is valued worst on a forward-looking basis. + This market has come to my attention because I have been seeing a lot of posts, comments, videos online especially regarding the high dividend yields of some Russian companies. Also, I live in another country in Eastern Europe where the market is currently 'cheap' and I believe the situation in Russia is similar. Lastly, there is the risk of further sanctions from the US that will scare some western investors, but we have seen many times that Germany and China want to trade and cooperate with Russia (Germany and Russia have jointly built nordstream 1 and now 2 to avoid paying transit fees in Poland, Belarus and Ukraine) and we have seen on multiple occassions Germany stopping weapons shipments to Ukraine etc. + + My greatest concern is that most of the Russian value stocks I have seen recommended are commodity companies. They either mine industrial or precious metals (or both) or produce and sell natural gas and oil. I am aware that the stock prices of these companies are closely tied to the prices of the commodities that they produce so by investing in them I would be taking on additional risk in the form of commodity price. + + If you have done your own research or if you know good sites for fundamental analysis of Russian companies I would love to hear from you. If you don't want to feel that you are sharing your knowledge and getting nothing in return I can send you my research on Polish mid/small cap value stocks with growing fundamentals. +I was flipping through a Peter Lynch book today (I believe it was One Up on Wall Street) looking for inspiration. In it he talked about calling investor relations departments. My question is, has anyone on here ever called the investor relations department of a company (particularly a smaller one)? Did you learn anything you couldn't have from the financials? Is it worth doing? +Hi there, + +I'm a bit new to value investing, but I've identified two stocks that I think are worth investing in. They are: FTI (oil & gas) and ANTM (healthcare). + +I identified them by screening for EV/EBITDA < 8, P/Book < 2.5. + +I valued them at 14.96 & 463 respectively which is an upside of \~50% for both and broadly in line with target prices. + +They both have buy or hold recommendations by analysts. + +They both have recent insider buys (although Anthem did have a sell-off in the summer). + +Being a total noob, I'm not entirely sure what to do next. I'm tempted to just buy them and learn from my mistakes - but there must be some other fairly low-hanging fruit in terms of analysing them? + +Many thanks for any help. +GM is trading at a ~4.7 forward PE ratio (5.5 current PE) and Ford Motors at a 5.7 forward PE (3.9 current). I'm trying to play Devil's advocate against my immediate "these look amazingly cheap" reaction, but am failing: +1) the semiconductor/chip shortages are eating into sales... But that is already priced into the forward PE. +2) forward ratios use estimates of future earnings... But by any measure those forward ratios are still pretty low +3) PE in the auto industry is lower than in other industries... But come on, sub 5 forward for GM?? + +Can anybody who studies the car industry more closely give me some insight into why their stocks are so darn cheap? At this price, they look like they have solid upside with very minimal downside (what, are they going to trade at a PE of 2??). Ford even pays a decent 3.3% dividend which further derisks things. +What are some of your original ideas? Where did they come from? + +Mine: +Comcast, I’m signing up for internet and they are the only provider in the area. They continue to grow revenue and under 10 p/fcf. + +Southwest Airlines, I saw them all over the news so I looked into their numbers. More than 13 billion in cash, less than 8.5 in long term debt and only trading at 19 billion. Looks interesting +I am not a believer of most US tech companies especially ones that has never had profits. Some of these that fell 80+% still doesn't seem cheap to me, I like high dividend paying stocks that still have potential to grow. Recently I have been considering weed stocks, and selling some uranium for oil stocks. My current portfolio is: + +Uranium producers (a bunch of developers not CCJ)- 47% + +Precious metals (gold, platinum, silver, SBSW EMX PLG) - 32% + +Chinese companies (huya, baba) - 14% + +shipping (ZIM) 6% + +I have a rental unit aside from portfolio, in the comments please let me know either what you think of mine, or let me know if there is 1 thing you'd recommend what stock/thing it is. thanks! +As many in this subreddit probably know, the Series I Bond rate is 9.62% through the end of the month. An individual is limited to buying $10,000, but corporations are eligible to buy their own I Bonds. I would like to figure out the cheapest way to set up LLCs en masse to buy as many of these bonds as possible. Has anyone researched this or done something similar? +Hey! I am 18 y/o and this is my current portfolio which I am looking to add an additional 400$ per week. + +would like to hear thoughts from you (: + +Important to note: I am not paying any buy/sell fees so it's not a problem purchasing with even 50$ for me. my fee is 0.6% Yearly Management Fee on the amount total and that's it. + + +GOOGL - 31.8% - 932$ + +VGT - 19.3% - 565.7$ + +SCHD - 10.5% - 308$ + +MSFT - 7% - 205$ + +DFS - 4.3% - 127$ + +VIG - 4% 116$ + +QCOM - 3.9% - 115$ + +GNRC - 3.9% - 114$ + +CAT - 3.5% - 102$ + +HD - 3.4% - 100$ + +KO - 2.5% - 73$ + +QRVO - 2% - 60$ + +BRK-B - 2% - 59$ + +CPRT 1.9% - 55$ + +Edit: +I wanna thank everyone that dedicated some time, i decided to implement some advices i though were on point and reallocated some fundd from VGT as well as selling a bit of HD and bought More Small Cap Stocks which not ny intent aren't tech, ao i have less exposure to tech now as well. Feel better about my portfolio now and will keep on buying, Thanks (: +I listen to the various pundits on CNBC every day talking about stocks and they'll often say, "I think stock X is over-valued and I'm waiting for it to pull back to $Y." Now sometimes they'll base that on the technicals for the stock but other times they seem to imply that their target is based on valuation. What I'm trying to figure out is some rule of thumb for coming up with a rough target price for a stock using the stock's P/E ratio. For example, I'm might try to estimate an entry price by going to eTrade, looking at the annual earnings for the stock, eyeballing the P/E Trends chart for a stock to figure out what an average P/E for the last year was, and then multiplying that P/E by the annual earnings to come up with a price. Is this a reasonable way to try to figure out the target price for a stock? And should I be using the annual TTM earnings (i.e. the earnings for all of 2019)? Sorry if this sounds like a stupid question. I'm obviously a novice. + +Also, is this the right subreddit to ask question on evaluating a stock or are there more suitable subs to ask my questions on? I'm not sure if this is the right place to ask questions since the bias is towards value investing and I'm more interested in analyzing growth stocks. +I have had some troubling history on this. I rebalanced some positions in which the value stocks turned into growth stocks, and were severely overvalued. Stupid because that trend continued, that example is NVDA and I missed out on 10x the profit. IMO, any company that turns into an overvalued growth stock but has continued to show steady increase in revenue should always be kept until the revenue starts to peak or decline. + +However if you sell stocks when they no longer are becoming profitable (for a short time maybe who knows if it will turn around), you run the risk of decreasing market price, selling for a loss. + +The latter example is GameStop before the negative earnings and the squeeze situation. Low PE ,pre 2017, but steadily decreasing revenue in what was thought to be a dying industry. An investor might have invested in this discounted stock in only to see a loss in the upcoming years, let's exclude the current squeeze situation as an anomaly. No one would buy radioshaq in hindsight either, however best buy is a good example of how you can buy a company with good stable potential for cheap. + +So when do you get out is the real question if you see it becoming growth say NVDA for example, or decreasing in value like GME? When do you jump in on some discounted stocks like best buy during industry changes struggles? + +Edited for clarification and better understanding. + + +Hi all. I'm in the fortunate position to be finishing paying my mortgage just before my 40th in May next year. I was wondering if someone can tell me what happens at the final month. + +Will the final payment be the correct amount, as i think my final month will be roughly 50% of what i normally pay (£660), or will i end up overpaying if i don't intervene and have to ask for it back? + +Also, i could potentially pay it off earlier as getting some overdue back pay next month and didn't know at what point the mortgage provider would stop charging me and whether i'd end up with about 0.10p worth of unpaid interest at the end depending on the date I pay it off. + +Thanks +I grew up VERY poor (no food, no one home kind of poor) - so I get it. But now I am a bankruptcy attorney. Here are just a few mistakes I see people make time and time again. + +1) Buying expensive cheap ass furniture on payments. Don’t do this. Shop thrift stores, garage sales, or Craigslist. I have a good job. And I’ve never bought a new bedroom set or dresser. I paid $100 for a used dining room table and 5 chairs and refurbished them. Don’t get into this money trap. The prices are always WAY too high and the interest will choke you. + +2) Don’t buy a car you can’t afford. If you can take public transportation until you save enough to buy a car flat out - do it. I’ve personally seen low-income people with interest rates between 19-44%. Holy crap. If you can pay $400 a month for a car payment - pay yourself that for a year and buy (or mostly pay for) a car. You won’t have to keep full insurance on a car that’s paid for, so you save there, too. + +3) Don’t neglect paying your sales and personal property tax. You will get tickets. You will end up with warrants. If you don’t have the money to pay the taxes don’t buy the car. You are literally setting yourself up for failure. + +4) Don’t spend your tax refund on crap. Save it. Pay your fines. Pay the taxes. Get new tires. DON’T BUY new furniture. It’s just not worth it. + +5) Lastly, don’t get behind in your student loans. There are income-based repayment plans that can make your payment $0. If you end up in default they can add as much is 40% more to your balance that will never be discharged just because your loans went into collections. Student loans will haunt you forever. Get into a income based repayment plan and stick to it. They WILL garnish you (including social security and disability). You will never escape them. +On December 14, 2017, the [Pineapple Fund](http://pineapplefund.org), set up by an anonymous cryptocurrency philanthropist, donated 59.89 Bitcoin (BTC), with a value of $1,000,000, to the non-profit [Multidisciplinary Association for Psychedelic Studies (MAPS)](http://maps.org), as part of a plan to give away over $86 million in BTC to charities and causes around the world. + +The Pineapple Fund's gift will directly fund MAPS' upcoming Phase 3 clinical trials of MDMA-assisted psychotherapy for posttraumatic stress disorder (PTSD). + +The cryptocurrency community has rallied behind MAPS' work, having donated over $120,800 in Bitcoin, Ethereum, and Litecoin since 2013, plus the new support from the Pineapple Fund. These gifts have significantly contributed to MAPS' international psychedelic research, public education, psychedelic harm reduction, and advocacy projects. + +We are beyond thankful and inspired by /u/PineappleFund for accepting our donation request. We would also like to extend our gratitude to /r/Bitcoin community members who supported MAPS in the [initial thread](https://www.reddit.com/r/Bitcoin/comments/7jj0oa/im_donating_5057_btc_to_charitable_causes/dr6v74u/), including /u/Pixaritdidnthappen, /u/beast-freak, /u/BakingTheCookiesRigh, /u/VerucaNaCltybish, /u/Aaron_FF, /u/joekki, /u/SolidCake, /u/volcanoesarecool, /u/shaggytits, /u/ibrokemywatch, /u/ANinjaOkraSlob, /u/Ou812icRuok, /u/dhxdhxdhx, /u/aorshahar, and /u/nw2shrms. + +"The Pineapple Fund's outstanding generosity exemplifies how the growth of cryptocurrency can be leveraged for profound social change," says MAPS Founder and Executive Director Rick Doblin, Ph.D. "The blockchain community is helping to lead the way, not only in decentralized technologies and currencies, but in giving the gift of MDMA-assisted psychotherapy to the world in order to heal trauma and bring greater compassion to psychiatry and medicine." + +As a non-profit with no government funding for psychedelic research, MAPS relies on contributions from individuals, businesses, and foundations to make psychedelic therapy a legal treatment. MAPS estimates that Phase 3 clinical trials will cost $26 million. With $17.3 million already raised or pledged, MAPS still needs $8.7 million to make MDMA-assisted psychotherapy legally available to millions of people suffering with PTSD. + +MAPS was an early supporter of cryptocurrency donations, and [we began accepting Bitcoin donations in December 2013](https://www.reddit.com/r/IAmA/comments/1s0mt7/i_am_rick_doblin_phd_founder_of_the/cdsvax9/). Currently, MAPS is able to accept cryptocurrency donations in Bitcoin, Ethereum, and Litecoin. + +The steep growth in the cryptocurrency market has created a promising new source of support for non-profit psychedelic research, having grown almost 50,000% since 2013 to over $500 billion in December 2017, a larger market capitalization than Berkshire Hathaway and Amazon. + +In August, the U.S. Food and Drug Administration (FDA) granted Breakthrough Therapy Designation to MDMA-assisted psychotherapy for PTSD, acknowledging that it "may demonstrate substantial improvement over existing therapies" and agreeing to expedite its development and review. If the trials show positive results, FDA approval for MDMA-assisted psychotherapy for PTSD is expected by 2021. + +Founded in 1986, MAPS is a 501(c)(3) non-profit research and educational organization that develops medical, legal, and cultural contexts for people to benefit from the careful uses of psychedelics and marijuana. Since its founding, MAPS has raised over $45.5 million for psychedelic therapy and medical marijuana research and education. For more information, visit maps.org. + +MAPS-sponsored clinical trials are conducted by the MAPS Public Benefit Corporation (MPBC), a wholly owned subsidiary of MAPS formed in 2015 for the special purpose of balancing social benefits with income from legal sales of MDMA, other psychedelics, and marijuana. For more information, visit mapsbcorp.com. + +**Thank you!** +Following is a very selective short list of use cases that will hit the market in 2017-2018. I believe IPFS has been largely ignored by a majority of adopters outside the developers realm but should allow you to draw a somewhat clearer picture of the future platform Ethereum can develop into. + +**IPFS** - after researching this in great detail, I truly believe it deserves to stand here at the top. I am currently digging deeper by actually deploying the system on machines and I have a feeling this will the biggest thing since HTTP. Screw Silicon Valley - they will budge eventually! + +* https://ipfs.io/ +* https://en.wikipedia.org/wiki/InterPlanetary_File_System + +**Ethereum Remittance, Token and Transaction Viewer** + +* https://everex.one/products#wallet +* https://everex.one/img/4ca6b47fe233f998497e4b734a3efdbd.png + +**Insurance** Leading Chinese Insurer selects Ethereum + +* http://www.coindesk.com/china-insurer-blockchain-research/ + +**Identity** +Thomson Reuters + +* https://blockone.thomsonreuters.com/ + +**TransActive Grid** is a partnership between energy company LO3 and ConsenSys + +* http://lo3energy.com/team/ + +**Stablecoins** + +* https://www.decentralizedcapital.com/#/ + +**Banking: Smart Customer loans** + +* http://www.coindesk.com/fidor-ethereum-core-banking/ + +**Fair philantrophy** + +* http://alice.si/ + +**AKASHA social network** + +* https://bitcoinmagazine.com/articles/akasha-project-unveils-decentralized-social-media-network-based-on-ethereum-and-ipfs-1462551273 + +**More identity tools** + +* https://uport.me/#home + +**Media attribution** + +* http://www.mediachain.io/ + +**Mining company using ipfs+eth** + +* http://www.coindesk.com/bhp-billiton-blockchain-mining-company-supply-chain/ + + +------- CONTRIBUTIONS ---------------- + + + +**Electric Car Charging (LIVE BETA)** + +* https://shareandcharge.com/ + + +**Status Browser** + +* https://status.im/ + +> "Status is a browser, messenger, and gateway to the decentralised world of Ethereum." +"Buy and Sell Ether Locally" + + +**MakerDAO - Decentralized Bank** + +* https://makerdao.com + +**Augur - Prediction Market** + +* http://augur.net + +**Digix - Gold Tokens** + +* https://www.dgx.io + +**Iconomi - Investment Platform** + +* https://www.iconomi.net + +**EtherDelta - Decentralised Exchange** + +* http://etherdelta.github.io + +**Golem - Decentralized Market for Computing Power** + +* https://golem.network/ +__ + + +More: +https://medium.com/@AroundTheBlock_/a-current-list-of-use-cases-for-ethereum-b8caa5807553#.m8anrhv62 + +On **Scalability and POS** +http://www.coindesk.com/ethereum-creator-vitalik-buterin-scaling-devcon2/ + +I will be posting a similar more complete list when I have time to compile it so expect more from me. Please add any that you find really noteworthy too. + +Let's be real - You likely had no interest in utilizing the BAT token for advertising. You wanted to make money off of it just like everyone else. The whales wanted to make money off of it - and they also invested more money than BAT token cost to make sure they were ahead of you in line. + + +Don't complain about the fact that people can pay higher gas prices to have their transactions validated/mined quicker - you'd be arguing against one of the core functions of the blockchain/ethereum. + + +If you're complaining that this group's ICO didn't create a system in which everyone who wants to invest can invest... why should BAT have done that? For what reason would they disincentivize investment? If they had capped purchases for each individual, they would have had a higher likelihood of not meeting their minimum, resulting in a refund. The Ethereum Foundation's leader, ideals, integrity, and dedication are unique. Businesses trying to get funded via an ICO are not - They want to succeed as a business, and that requires a viable product, and capital. Period. + +Instead of whining about it on the internet, and calling everyone who disagrees with you a slur, the 'non-whales' of the world need to figure out a way to get to the front of the line, next time. I didn't get to invest either, but you don't see me complaining. + +I'm trying to work out how I might be able to make it in to the first block. +There's a lot of talk about inflation recently, but discussion often lacks hard numbers to compare prices over time. + +A while ago I found this list of 42 common grocery item prices from Woolworths, Coles, and Aldi, published November 2011: + +https://www.yourmortgage.com.au/mortgage-news/did-grocery-prices-really-go-down-down-in-2011 + +This is a rare and useful reference for objectively looking at recent grocery price inflation. + +[Six months ago](https://old.reddit.com/r/AusFinance/comments/q7po13/as_home_prices_soar_beyond_reach_we_have_a/hgl4po4/) for comparisons sake I looked at the first ten items on the list, and compared them to the same 10 items today, from woolworths: + +Dairy farmers full cream 2L, 1 dozen pace farm free range eggs, wonder white sliced bread 700g, Nescafe gold 100g, Tim tams 200g, 1.25l coke, Doritos original 175g, Barilla penne 500g, greenseas tuna 95g, pedigree canned dog food 1.2kg + +2011 price total: 3.69+5.25+3.59+8.35+2.99+1.99+2.98+2.30+1.87+3.57 + += $36.58 + +6 months ago price total: 3.20+5.95+3.40+9.50+4.00+3.15+3.50+2.70+2.20+3.50 + += $41.10 + +Today's price total: +3.30+5.95+3.70+7.50+4.00+2.10+3.75+2.70+2.20+4.50 + += $39.70 + +So this sample of grocery prices are 3.5% lower than six months ago. + +According to the official RBA CPI calculator, a basket of goods bought in 2011 for $100, would cost in most recent year (2021) around $120.30. + +In this real world example, if you spent $100 on a basket of goods consisting of the above items in 2011, it now costs $108.50 + +Less than official CPI. + +If anyone is foaming with rage at these numbers, and would like to use that energy constructively, I'd love to see a comparison of all 42 items, or the Coles/Aldi prices. + +Thank you for attending my TED talk. +So long story short, I received a letter from Commonwealth bank in the mail saying my application for a credit card limit increase has been rejected. Odd, I do not bank with Commonwealth, and have never applied for a credit card. + +Call Commonwealth and a credit card has been opened in my name, fuck... + +They have locked the account, and tomorrow I need to go to a branch to confirm my identity and completely close the account. This has been alerted with the Commonwealth fraud team. + +The police have directed me to cyber.gov.au and I will lodge a report with them tomorrow. I am also currently applying for my first mortgage, Westpac have confirmed they ran our credit check before any other credit applications had been performed so this (hopefully) shouldn't affect our application. + +I haven't confirmed this, but I recently got my learner's permit and it never arrived in the mail so I think it's been picked up somewhere in the post and this is what has been used to open the credit card. + +Has anyone else had this happen to them? Any tips of things I should follow up, keep an eye on etc. While I know this isn't strictly financial related, I feel like it could impact me financially for at least the next 10 years... + +This isn't as short as I though but I'm a stressed chicken right now, and I might be rambling... + +Edit: thanks everyone for the responses so far, I'll take a good look through everything and set a game plan first thing tomorrow morning. You're making this chicken a little less stressed. +Hi All, + + Im curious about what Fatfire thinks about the value of board seats/board presence relative to your career progression. Specifically, I know some successful folks who have sat on boards of small companies as a side hustle and parlayed that into senior-level full-time roles (VP+). Alternatively, I know a similar number (or higher number) of people who have 3 or 4 board seats but are largely stagnant in their careers. + + +My end-all goal is to retire with a presence on several boards (passive income + gives me something to do) but as a 30 something year old, it seems silly/unrealistic to look for this now. + + +What do you think - realistic? valuable? If so, what would you suggest for securing such a position? Do they require investments into these companies? If so, at what level? + +Thanks as always +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +This is the promotional content thread. This will be a recurring thread (as long as this thread goes well!) where we waive the "no self promotion" rule that we enforce so strictly. + +So if you have a blog, feel free to share a recent article that you feel is interesting and applicable. If you made something, tell us about it. If you updated something you made give us some details. Please, if you share something, be engaged. Don't post something and disappear. + +**Rules:** + +1. **Post about your own 'thing' on a top level comment.** Don't respond to another top-level comment with your own 'thing'. Link only comments will be removed - you must provide a summary about what you are linking. +2. **No mailing list signup comments.** We will allow links to a webpage that contains a mailing list sign-up form, but only if the page you are sharing contains meaningful content and you don't highlight the existence of a mailing list in your comment on Reddit. +3. **Paywalled features and content.** There may be paid features locked or some articles maybe available on payment, but if the entire article cannot be viewed for free or the results of a tool are blocked without payment then such a submission may be removed. +4. If collection of user data is required to use the thing you are sharing we STRONGLY encourage you to contact the modteam first. If the modteam becomes concerned about data you collect the comment may be removed and may not be reinstated in a timely manner. +5. **No 'special deals' for Reddit.** We're not looking to make a sale and deals thread. +6. No referrals. No investment opportunities. + +Please upvote what you like, but focus on providing *respectful* feedback for what you don't like. Many people who make something would love to hear from you so be a "community", and be kind. + +**This thread will be in contest mode for a short while** to ensure content creators get a chance to post their content first. +Hello fellow redditors. My question goes out to the veteran investors/traders who witnessed the financial meltdown of 2008. How was the market scenario leading up to the crash? Were there news channels warning people before it happened? Was it all normal and one fine day just boom? +Have heard a lot about index funds giving consistent returns with minimal expense and risk, however, a lot of people seem to think that the concept of an index fund does not work in an emerging market like India. Can anyone please throw some light on this. +So according to their prospectus, + +*Values in INR Millions* + +||Q1(20-21)|Q2(20-21)|Q3(20-21)|9M(20-21)| +|:-|:-|:-|:-|:-| +|Gross Order Value(GOV) *\[ pg 126 \]*|10936.3|20952.2|29810|61698.5| +|Contribution Profit/Loss as a % of GOV \[ pg|6.5|7.1|4.6|| +|Contribution Profit and Loss|=10936.3\*0.065 = 710.85 |1487.6|1371.2|**3569.72**| +|Revenue from Operations||||**13013.49**| + +I thought the contribution profit would be close to the revenue from operations, but it is only around 5.7% of the total revenue. So, exactly what does Revenue from Operations contain ? +I recently got a credit card which gives 1% cashback on all general transaction + +Until now I had been using my debit cards for any transaction and the way they 'rewarded'was by the bank's reward systems like Payback for ICICI, Edge by Axis + +However, in the years I have got reward points as per I don't remember being able to make use of them + +What do you guys think about this? + +I am feeling like using my credit cards for general use is better than using debit cards just for this reason +Very new to this arena. Can someone explain in layman terms why the stock market did not reflect the underlying bad economy during these times? Shouldn't the index reflect the current economic situation? The Fed had done the "Quantitative Easing" during pandemic, which essentially means it printed hell lot of money into the system, something it has been doing during major economic crises, (eg:2008), yet the indices kept going up. + +PS: this is not a troll post. Genuinely keen to know whats the catch here, and learn a little about economics +Hi, + +How can we know if a fund is a flagship fund of that AMC or not? + +Is there any list available or is it declared by AMC anywhere? I didn't come across any so asking. + +Thanks. + +&#x200B; + +EDIT1: From comments I see discussion going somewhere. Informally AMCs sometimes promote one fund over the other or have skin in the game of some funds etc. I am looking for such funds. Some comments are ideally correct but I am looking for practical cases if any. +Does anyone have any DD or news on MDMP that would have caused the massive spike this afternoon? Also, any signs this could be a multi day breakout? + +FYI - I hold no shares of MDMP. +I'm a dish washer at a local cafe as well as a part-time nanny, and she is the GM of a local coffees chain. Her company was in the slow process of closing, but the virus outbreak causing schools to close was the deathblow. She made 7/8 of the family's income. To make everything more complicated daycares closed for three weeks. + +We are absolutely screwed. Is anyone else in the lower-income bracket here dealing with this? + +We worked so hard last year to pay off debt. We did everything we were supposed to - hell, we even lived in a van while working multiple jobs and budgeting to climb out of a hold. Now it feels like we're getting thrown right back in + +Edit: I'm in the USA, Colorado. We've been strictly budgeting for 2 years. We originally got into debt because 1) my wife lost her insurance mid-pregnancy and 2) she got sick when my little one was only a few months old and we had to live off of credit cards to buy groceries. I used to work 3 jobs, but cut back since I'm in school part-time with an aim to become an engineer. +First things first. +I have 30 years old and I day trade almost every day, since I was 18. +So yes, Ive been through a lot of stuff already. +I day trade futures only. Not stocks. Leverage was and still is the main problem of day trading, at least for me. +I had ups and downs along those 12 years. +Money comes so fast… I mean, Ive started with 1000 and almost reached 100.000. Ive started spending in things I didnt even need. Untill I broke my account for the very first time. And trust me, that has happened a lot since then. +That was my first 2 years. +I was certain I could make 1000 turn into 100k or even 1M. “How dumb I was?” “Why did I do that?” Those phrases are common when we lose. +I usually have a 80% win rate. (1 day a week of loss). Or even a higher one. +The main problem is… sometimes, I just lose my mind and start buying or selling more, to have a better medium price, and guess what. I lose all the money. +And then instantly I just add more money to my account and start all over again. +That happened many many times during all those years, and I was ok with that, since it was a money I could lose. Always a small amount. +Obviously I had days that I wanted to quit. Day trading is very stressful and it affects your life. For many days ive been sad and depressive. You mistreat your wife, your parents, and you dont live propperly. In my case, Ive lost some job opportunities because I was just to focused on trading. From 09 to 18 thats amy main priority. You just care about you green or red daily balance. But even if you try, you just cant stop… you always come back. +So I finally reach that point again… i had like 400k, last year. Everything was great and I could ve just saved the major part of it. +I thought I was finally safe and happy. I wouldnt lose all that money the way I trade. +I was making like 3-4k a day. +Then, a small loss took me. I still remember the day it all begun. I was winning like 3k that day by the morning and it ended up giving me a loss of 20k. Not that huge problem, but still, a big loss. +Next day tried to recover a part of it and i got like 5k back from the market. +Next, -30k. I started to lose my mind. All i was doing crumbled. Those loses were ok. I could easily just stop, take a breath, and reduce my hand. Like take one step back to take 2 forward. +But somehow i couldnt do it. I needed that money back. To be fair, i didnt need. That money was never a money i needed. It was just some that i had on my account. But I couldnt take those losses. I needed to recover. +A few days later, after trading everyday, I lost 120k. Biggest loss ever. +I dont know why we just completely break our mind atter a week of loss. +So, after all, I lost everything I had managed to win, plus 150k that I took trying to recover. +I wanted to suicide. Ive had problems with my wife. With my parents, and everything arround me. Those weeks, I was just not me. Depression hit me hard. Nothing could make me smile, I tried everything I could to surpass that but in my head, I needed to try again. +Lost another 10k. +Today I still trade, everyday, started from 100 and trying to do it all over again and again. +Im just trying to understand what happens in my head. +I dont need to day trade. I do it because im trully addicted to it after all those years. Everyday I just want to know if i ended red or green. And my life keeps moving on and I feel ive missed so much time in vain. +What im trying to alert and speak to myself is, take care. I trully need help. I have money, thank God those dollars wont make a huge difference in my life. But im sure that happens to other people and the story is diferent. +So, thats my 12 years. In a short brief, still need help to stop that drug inside me. +Hope it helps, somehow, anyone who reads it. +**Update:** This post is gaining some traction, so her's an update. Had a second zoom call with him, the info is at the bottom. + +We connected on Linkedin and started talking. After some chatting he told me he has a side business. After I asked about his business he offered a zoom meeting to talk about it so that he can "open some doors for me". + +We scheduled a zoom meeting. He said he started his side business a few years ago with his "mentor" and claimed he even paid some of his University from the income he earned with his side business. I asked him what is this business going to be and how is this partnership going to work etc and how much am I looking to make. + +The only thing I got from him was that I'm looking to make: + +1k the first year, + +10k next year and + +100k the third year **if we're being very optimistic.** + +If we're being pessimistic I'm looking to make + +0 the first year + +1k the second year + +maybe 3k the third year (because most businesses fail in the first year anyway) + +&#x200B; + +After I asked him about how this is going to work again, he told me to read the book "Business of the 21st century" by Robert Kiyosaki and that I will understand 95% of it by reading that book. I'm reading it right now. + +So now the question is: Is this a scam? Does anyone know what his deal is? Is this something good? + +TL;DR: Asked someone about his side business and he started offering me a partnership with some unknown company he is working for, told me to read a book so I would understand. Anyone know what this is? + +\-- + +Update: Alright so I wanted to cancel my second zoom meeting with him but I thought I might as well mess with this guy see what information I can get from him. The meeting took about 1 hour. + +So first off it seems like these mlm people don't want to give the information too fast. They give you droplets of information to keep you going. He had a lot of emphasis on "commitment" too. + +Here's a summary: + +Yes, the company was Amway. + +He didn't want to tell me in this meeting at first but I got him to tell me the amount I have to pay to join: It's 218 dollars. He said "It's not a joining fee, you aren't paying us! This is the amount you for the *platform* we are going to give you" Yeah right, it's the same thing. + +I asked him "Isn't Amway an mlm company?" He said "No. It's not mlm now it's a *manufacturing* company" + +He was talking about how these products are very very exclusive and people can't find it anywhere else. I asked him "If I'm going to have to sell these products aren't there like 1000 other people \[people like him in mlms\] selling the same stuff?" He said "No it's *very few people* selling these products" (These products aren't exclusive to us, you can literally go on the website and you can buy them from the site with no restriction so nothing exclusive about us selling it and I'm pretty sure there are many people trying to sell these stuff) + +Some quotes: + +\>We're *not* going to work for this company \[Amway\]. We're just leveraging their platfrom + +\>You will be an **independant** business owner. (lol) + +I will post the screenshots of the slides he showed me during the call soon. + +[Screenshots](https://imgur.com/a/7NI9vVW) +Like a true fucking moron, I've yoloed student loan money since last October. Tesla calls made me rich, spac calls made me richer. Then February happened and spac calls made me considerably less rich. 🤡 + +Anyhow, I'm too ugly to work behind the dumpster at Wendy's, so being fresh out of tendies, I embarked on an epic quest to search for work so I could still manage to pay my wife's boyfriend. And afford fresh cum socks. + +I lied about everything on my resume, and somehow landed a job as a stock broker at a large financial institution. I you knew me, you would be absolutely dumb-founded that I pulled this off. I'm incredibly unqualified and retarded. My parents and brothers were absolutely mind-fucked that I'd managed to pull this off. My mom cried tears of joy at the news that her one retarded son was finally able to get a job. + +Which brings me to the main point of this post: **companies like Fidelity, Schwab, and Vanguard are desperate for employees. They're hiring anyone and everyone. Unlicensed on the phones is especially easy to get hired for, and they sponsor you for the series 7 exam to become a broker.** + +**I now get paid $22/hour working from home, jacking off and doing practically nothing.** The phone rings once every 15 or so minutes, and the rest of the time I'm on wallstreetbets, soaking in meme culture and trading on my own account, which is perfectly legal and allowed, as long as I don't front-run our clients. + +I love y'all, so wanted to pass on this beautiful brown nugget of wisdom: **apply at a financial institution like the ones mentioned above, get hired, work from home, and sit back trading the memestocks while getting paid hourly for it.** You also will become a licensed stock broker and learn a fuck-ton about the markets. There is so much to learn. If you're great at being retarded, why not get paid for it? Like the joker says, if you're good at something, never do it for free. + +I'm off to buy buttplugs now... +Weird question... But I'm considering buying a neighbour's investment property that he currently has listed. The problem is he is a very unfriendly neighbour who I have a bad relationship with, and I expect he'd either reject my offers outright or at minimum jack the price if he knows it is me. + +If I go through a buyer's agent, when does he find out I'm the buyer? I don't give a shit about him finding out once contracts are signed, I just don't want trouble before it's finalised. +Apologies if this isn't the most ideal sub to post on but the ausjobs one is quite dead. + +Is anyone here in a role that has said that they can work from home permanently? My role is in IT which can function 100% WFH and often is more efficient than being in an office. The problem is that my organisation is saying that they are wanting to bring back staff in a hybrid setting from 2022. I've told my boss that I'd prefer to work from home 100% of the time and although he agrees, he mentioned he doesn't have the final say. Naturally, I've begun looking at WFH jobs out there especially on Seek, and notice that most job listings say they offer WFH flexibility, I haven't seen a single job that says 100% WFH or permanent work from home. + +How can I find these jobs, I think office 9-5 is dead and WFH has proven to be better for all so would like to find jobs that meet my criteria going forward. + +edit: why is this flaired as property!? +Please also check the edit at the bottom for an update regarding lack of proof of reserves on the stables on BNB as well: + +**TLDR:** Binance fails to provide adequate proof of reserves for assets in the BNB chain. Binance encourages users to withdraw their crypto into the Binance ecosystem by charging higher fees to withdraw into native ecosystems - and are failing to Provide Proof of Assets altogether or a sufficient amount in their Proof of Assets for the crypto in the Binance ecosystem. This gives Binance a huge opportunity to manipulate the crypto market by creating "fake crypto tokens" in the BNB ecosystem that are not backed by any underlying asset and then selling/using your assets. Furthermore, it pushes volume into BNB chain by encouraging withdraws into the BNB ecosystem that may end up not backed by any assets.... + +**What you need to know** + +* [BNB Beacon Chain (BEP2 tokens) and BNB Smart Chain (BEP20 tokens) are two native chains of the Binance ecosystem](https://www.binance.com/en/support/announcement/854415cf3d214371a7b60cf01ead0918). Binance allows users to withdraw lots of different crypto as tokens into their native chains which then allows users the ability to use "those assets" in the Binance ecosystem. +* As you can imagine, this could create a few concerns... The largest being Binance could sell/send the underlying asset of the BEP2/20 Tokens as the user no longer holds the true crypto but a token on the Binance ecosystem, essentially allowing them to manipulate the total supply of those cryptos by creating "fake BNB tokens" with no actual backing on the native chain. +* To ease concerns about artificial manipulation Binance began providing [Proof of Asset](https://www.bnbchain.org/en/assets-proof) wallets where, for crosschain assets (Ether, XRP, ADA, Doge, etc..) they should theoretically hold an underlying asset equal to the amount of the asset that is in the BEP2/20 ecosystem. This is supposed to ensure the Binance asset you are holding is backed by an equal amount on its native chain and the supply is not being artificially manipulated. + * The problem however is they do not provide a Proof of Asset list for most of their assets in the Binance ecosystem. Additionally of those that have a Proof of Asset wallet, most are not fully backed or actually list no real backing at all. + * The [LTC proof of reserve address](https://blockchair.com/litecoin/address/MQSs17ECe51kqhkFPQY98wiyPvGuK5iCB6) holds 745K LTC. However there are 857k LTC in the BNB ecosystem - 725k in the [BEP20 addresses](https://bscscan.com/token/0x4338665cbb7b2485a8855a139b75d5e34ab0db94) and 132k in the [BEP2 addresses](https://explorer.bnbchain.org/asset/LTC-F07) \- **87% backed** + * THE [ADA proof of reserve](https://explorer.cardano.org/en/address?address=addr1q8hsff3uwtphx7dtya7unjwjwug52e5jvqp09je6pwqx8k4jvuxrw2x5rr7e258a33yzkrhhlrrc5ezvd2z7qtdq0gasme44c9) address holds 200M ADA. However there are 672M ADA in the BNB ecosystem - 241M circulating in [BEP20 addresses](https://bscscan.com/token/0x3ee2200efb3400fabb9aacf31297cbdd1d435d47) and 431M circulating in [BEP2 addresses](https://bscscan.com/token/0x3ee2200efb3400fabb9aacf31297cbdd1d435d47) \- **29.7% backed** + * (very concerning) The following is the [listed](https://www.bnbchain.org/en/assets-proof) proof of asset address [for ETHER](https://etherscan.io/address/0x9BF4001d307dFd62B26A2F1307ee0C0307632d59). It's supposed to hold all of the ETHER on the BNB ecosystem but it currently sits at .017 ETH and the ETHER was moved to [this address](https://etherscan.io/address/0xf977814e90da44bfa03b6295a0616a897441acec), labeled as Binance 8. The BNB ETHER reserves were comingled with non-BNB reserve ether, meaning you can't verify how much the BNB Ether is backed verse regular user funds. - **0% verifiably backed** + * (very concerning and easier to understand) The [XRP](https://xrpscan.com/account/rJpj1Mv21gJzsbsVnkp1U4nqchZbmZ9pM5) proof of reserves wallet for the BNB Chain is just as bad as the ETHER but since it doesn't show any tokens **it's easier to see how bad it is**. It holds a total of 10 XRP. The rest was transferred to [this wallet](https://xrpscan.com/account/rs8ZPbYqgecRcDzQpJYAMhSxSi5htsjnza) \- a general Binance wallet for XRP, which interacts with [this wallet](https://xrpscan.com/account/rDAE53VfMvftPB4ogpWGWvzkQxfht6JPxr) \- the withdrawal address for users of XRP. Again all XRP in the BNB reserves have been comingled with regular user funds not in BNB. with no way to verify they hold sufficient XRP in the BNB chain. - **0% verifiably backed** + +\----------------------------------------------------- + +Binance lists 35 different crypto assets in their [Proof of Assets Page](https://www.bnbchain.org/en/assets-proof), however in the top 200 cryptos by market cap, over 80 of them can be withdrawn as BEP2/20 tokens. Meaning there are at least 45 cryptos assets that do not have any sort of "proof of asset" listed. The total number of unbacked assets is even higher, as there are assets above 200+ by marketcap that can be withdrawn into the Binance ecosystem. + +Even for assets that have a proof of reserve listed that doesn't mean it is adequately backed or backed at all. For example; ETH ERC2/20 tokens have no verifiable backing, XRP ERC2/20 tokens have no verifiable backing, ADA ERC2/20 tokens are 29.7% backed. LTC ERC2/20 tokens are 86.9% backed and those are just a few of the listed assets that I checked. + +\---------------------------- + +**Complications**: This problem has been unchecked and inflated since, I posted about this issue [6 months ago](https://np.reddit.com/r/CryptoCurrency/comments/uz09wu/binance_is_encouraging_withdrawingminting_your/). Since then XRP and ETHER have lost all verifiable backing and ADA backing dropped from 71% to \~30%. + +It continues to be compounded by the fact that Binance encourages users to send their crypto into BEP 2/20 tokens by making it more expensive to send the asset into the native chain. As an example Dogecoin costs 1.94 Doge to withdraw as a BEP 2/20 token and 5 Doge to withdraw into the native Dogecoin network. This is standard practice for [Binance](https://www.binance.com/en/fee/cryptoFee)/[BinanceUS](https://www.binance.us/en/fee/schedule) for nearly all assets available to withdrawal into the Binance ecosystem, and the unbacked assets will likely continue to grow if left unchecked. + +If the last few weeks haven't made it clear yet, the last people left holding unbacked assets end up with nothing. + +# Edit: + +As pointed out by [another user](https://np.reddit.com/r/CryptoCurrency/comments/yxxugl/comment/iwrfyhd/?utm_source=share&utm_medium=web2x&context=3) Binance also no longer has proof of reserves of the **PAXD or the USDC stablecoin** both of which are still circulating in the BNB ecosystem. Both appear to have been comingled with regular user funds in the Binance 8 wallet (link below). + +PAXD [here](https://etherscan.io/token/0x8e870d67f660d95d5be530380d0ec0bd388289e1?a=0x47ac0Fb4F2D84898e4D9E7b4DaB3C24507a6D503) + +UDDC [here](https://etherscan.io/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48?a=0x47ac0Fb4F2D84898e4D9E7b4DaB3C24507a6D503) + +&#x200B; + +[Screenshot of PAXD sent back to Binance 8 wallet about two years after it was set aside](https://preview.redd.it/j9mq3n00nk0a1.png?width=1409&format=png&auto=webp&s=45cc76f1f837ba163426a408e085a5c556988efe) + +Everywhere i find info that covers what goes on when one is about to or is already in a trade: avoids a trade (fear, via cortisol); revenge trades (anger, via adrenaline + testosterone); or over trades/sabotages (euphoria, via dopamine + testosterone). + +So the question is, when trading, what are the *mechanics* to implement in order to bypass the aforementioned natural responses? +... and how do you plan to tackle it? + +Mine is moving stops to breakeven, I've cost myself nearly 30R in the last month doing this which is frustrating to say the least! I'm tackling it by taking 30% of my position off at 2R and leaving the rest of my position to run with stops behind 1H structure. + +What are you working on improving this year and how are you going to do it? +I've been studying for months, completed the entire babypips course and I am doing great demo trading the daily swing strategy they provide shown below. + + + + +>**Trading Setup** +> +> +> +>Trade on **daily** chart (swing trading) +> +>5 **SMA** applied to the close +> +>10 **SMA** applied to the close +> +>**Stochasti**c (14,3,3) +> +>**RSI** (9) +> +> +> +>**Trading Rules** +> +> +> +>Enter **LONG** if: +> +>The 5 SMA [crosses](http://www.babypips.com/school/elementary/moving-averages/moving-average-crossover-trading.html) above the 10 SMA and both Stochastic lines are heading up (do not enter if the Stochastic lines are already in the overbought territory) +> +>RSI is greater than 50 +> +> +> +>Enter **SHORT** if: +> +>The 5 SMA crosses below the 10 SMA and both Stochastic lines are heading down AND (do not enter if the Stochastic lines are already in oversold territory) +> +>RSI is less than 50 +> +> +> +>Exit Rules +> +>Exit when the 5 SMA crosses the 10 SMA in the opposite direction of your trade OR if RSI crosses back to 50 +> +>Exit when trade hits [stop loss](http://www.babypips.com/school/undergraduate/senior-year/setting-stop-losses/stop-loss-whats-that.html) of 100 pips + +I also have all day to watch charts and would like to trade on a shorter timeframe but from my back testing this strategy doesn't work as well on shorter timeframes. + +&#x200B; + +I want to try out strategies on shorter timeframes but have no idea where to begin. Should I even be attempting to create my own strategy while still a beginner? Would I be better off watching youtube videos for ideas? +So right now the price has dropped. I'm sure we all wanted (myself included) for ETH to just go up and up and up until it surpassed bitcoin and reigned the supreme leader of all crypto, but unfortunately it's just not that simple. There is a long road ahead of us, ETH is only a few years old, where as bitcoin is the grandpa of crypto itself. + +Now, I've seen countless talks about how ETH will not be used as a currency or a storage of value and things of that nature. Sure, it was not designed that way. I think bitcoin may even keep itself as the true "storage of value". But just because ETH was not created for the sole intention of being the "bitcoin 2.0", that does not mean it has no value at all. Instead of a currency, it is a commodity. +Think of it as investing in oil before Benz invented the first cars. Was oil itself extremely valuable then? Eh, not really. But once those cars were created (with the help of Ford and the Model T), the oil business? Well, we all know how big that got. + +Obviously we all know ethereum is in it's infant or toddler stage. Vitalik and the EF are still laying groundwork and will be for the next 1-2 years in order to get Ethereum to have the best underlying mechanics of any cryptocurrency in existence and have been ever since ETH began. I mean, coming out in about 2-3 months we have Metropolis. This is going to be what really makes ethereum tick. The entire fork is surrounded by the sole purpose of the developers, and the businesses in order to create better, and more secure pilot programs and smart contract systems in the future. Not only that, but it also adds zkSnarks, another piece of the pie that gives ether more usage. + +The EEA is the sort of spark that fuels the flame that is ethereum. Even Andrew Keys himself said that he was overwhelmed by the interests of companies wanting to join the alliance once they found out about ethereum and the EEA. + +So on that note, what do you think Ethereum will be worth say 6 months from now? How about 12 months? Of course there are risks as there are with anything in life. But without risks, there are no rewards. I know this sub is eth-TRADER, but if we all look at this as being an investor, as a partial OWNER of this company that is ethereum, I'm sure we can all see how absolutely amazing this could be. + +Not to put you all into grandiose delusions, but imagine this. Imagine ether being the new fuel for things like autonomous cars, delivery services, websites, applications, concerts, events, the backbone of the financial banking system, payment processes, music industries, and many more. Obviously this may not happen any time soon and will be a slow process, but think about how fucking awesome it would be 10 years from now and you're 31 (my case), and you have kids and you're able to tell these kids that the entire infrastructure that their electronic world is built upon, you invested in while nobody else even knew what it was. + +Eleven years ago, I bought a very inexpensive house ($40k) in a crappy neighborhood. The plan was to live there through three years of law school and then move somewhere nicer when I automagically started earning six figures the day I passed the bar. I maxed out student loans on similar logic, graduating with $165k of them (now more). I graduated into a crap job market in 2013 and made $45k my first two years as an attorney. I then suffered an exacerbation of my chronic mental illness and became unemployable. Struggling to make it as a self-employed solo attorney, I racked up credit card debt, a home equity loan, and $65k in credit card debt, while also falling behind on taxes. My total debt load is now about $350,000, with assets being a house worth $80k, a car worth maybe $20k, and a law practice with two employees who keep me from committing malpractice due to my mental illness. + +Things are actually looking up, though. I got my salary up to $75k, I got the VA to rate me at 90% which is almost $2k a month, and I’ve started driving Uber on weekends bringing in often an extra $500 or more per week. I did a credit counseling plan on the cards and now have them all below 6%. I’m paying almost $2000 a month extra toward my debts and I’m on track to have all but the student loans paid off within three or four years. + +But meanwhile, I’m miserable. I’m 40 years old and can’t really date. My house is a shithole, and I can’t move because my DTI is too high to afford anything better. I’ve had to reduce my recreational activities to some kayaking every other weekend and right now I feel literally trapped in my little house with my asshole neighbors blasting their subwoofers at all waking hours (and then some) and honking car horns all through the night. + +I can’t even take on roommates right now (which might give me enough breathing room to rent a weekend escape place) because of overdue home renovations. My life is basically all work except an hour a day at the dog park where I still feel overwhelmed by all the noisy people. + +Last year at this time I just packed up and took a cross-country road trip, but now that I’m driving Uber I feel I can’t afford the unpaid time off. (I could still do my legal job 100% remotely; last year’s trip ended up actually being my most productive month of the year.) + +So anyway… what can I do to stay sane through the next 3-4 years of intense focus on work to get unburied? What can I do for my mental health with limited time and without spending much? + +I am not asking for any advice on debt reduction strategies or the like. It’s under control with a *very* detailed plan and a spreadsheet that tracks every transaction in my financial life from now until retirement. I don’t need to be told to sell off the last few dollars of post-Konmari possessions I still have to make one extra payment on one loan. I already know to refinance the HELOC but paradoxically, my DTI with the tax debt is too high to even do that right now. Bankruptcy is not an option because apparently I make too much for chapter 7 and don’t owe quite enough relative to my income for chapter 13 to help. + +I just need to know how to stay sane. + +Ideas? + +Edit: Wow, this blew up. This has never happened to me before on Reddit, but there’s actually too much here for me to read. I have to put the phone down and get back to work now. Thanks! +You're doing it wrong! Not you, singular; but you, collectively. Among you, there are people undermining their personal wealth by doing things that seem like good ideas, but, in hindsight...don't really work out that way. + +Here are ten things you might be doing, and why not to do them. (We've covered some of these in other posts, so this is primarily a handy checklist.) If you are not doing any of these, take a victory lap! + +1. **Spending more than you make**. No explanation needed. Don't do that! Even if you like buying things, or don't have much income, or hope to get a better job soon. Make a budget, and stick to it. Make automatic savings contributions before you even look at your checking account balance. Establish and maintain an emergency fund. If you rely on a payday loan to avoid eviction, you're doing it wrong. + +2. **Financing a car that is [too expensive](http://genxfinance.com/your-car-is-making-you-poor-and-what-you-can-do-about-it/)**. For example, one that costs almost as much as your annual take-home pay. Even if it's really cool, or one you've always wanted, or you want a warranty. Please don't do that. You can't afford it; you'll be underwater and can't pay off the loan even if you sell the car; your insurance will be too expensive. You can get a reliable used car for under $10,000. + +3. **Carrying a balance on your interest-bearing credit card**, because you think it [improves your credit history / score](https://www.nerdwallet.com/blog/finance/credit-score-does-carrying-a-balance-help/). It doesn't. You just pay interest. You want to use a card to generate positive history, but you also want to pay off an interest-accruing card in full. Every month. No exceptions. And yes, that means you can't use credit to finance your lifestyle (see point 1). + +4. **Taking out a loan to establish your credit history**. You do not have to do that, when you can do the same thing with a credit card that you pay no interest on. Taking out a car loan as your first credit transaction is a very expensive mistake. A car loan with a double-digit interest rate means you are doing it wrong. + +5. **Not taking the match from your 401k**. Even if you watched John Oliver's show about 401k fees and you are now a born-again mutual fund expense watcher...please, please take any match your employer gives in your 401k. Even if the fund choices have 2% fees, it's still free money. Even if you have expensive credit card debt, which you shouldn't, the match is probably still the right move. You could be making 50% one-time gain on your money; that will cover a lot of fees. + +6. **[Cashing out retirement funds](http://www.rothira.com/blog/never-cash-out-retirement-accounts-when-switching-jobs)** to pay for things, or when you change jobs. This is almost never a good idea. Even if you can do it, you shouldn't. That $20,000 in the 401k from the job you just left looks like it might be a good way to make a down payment on a house. Don't be tempted. It will be much more valuable to you as $100,000+ when you retire, than as the $12,000 you'd be left with after paying taxes and penalties on it in the 25% federal and 5% state bracket. + +7. Buying a house only to avoid **[throwing away money](http://www.thesimpledollar.com/the-nonsense-of-rent-vs-buy-myths-that-ruined-the-housing-market/)** on rent. You need to live somewhere. Renting is almost always cheaper if you aren't sure where you want to live two, three or even five years in the future. Your transaction costs to purchase and then sell a property are "thrown away", as are your payment towards interest, taxes, insurance, maintenance and repairs. (Renting it out later isn't as easy or profitable as it sounds, either.) Even in a hot market, appreciation is not guaranteed, and major repair expenses are not always avoidable. Buy a house if you can afford to, and you know you want to live somewhere indefinitely, not to save on monthly payments. [Edit: owning a house is financially better as you own it longer. Over a short interval, monthly payment calculations alone are not enough to prove ownership is financially better than renting.] + +8. **Co-signing loans you shouldn't**. While there can be some limited reasons to co-sign a loan, e.g. for your child, never co-sign a loan just because your significant other has no credit, or your parents want a better interest rate. If they need a co-signer, it's because they are a poor credit risk. Once you co-sign, you are on the hook for the whole balance, even if you don't have access to what the money went towards. + +9. **Paying a financial planner to invest your money in a mutual fund with a [5% up-front fee](http://www.fool.com/school/mutualfunds/costs/loads.htm)**. Despite what you might have been told, this is never necessary, and doesn't help you in any way. You can buy alternatives with no up-front fees, and lower ongoing expenses. + +10. **Buying [whole life insurance](http://www.consumerreports.org/cro/news/2015/04/is-whole-life-insurance-right-for-you/index.htm)** from someone you knew in college to "jump-start your financial future", even if you have no dependents. You do not even need life insurance until you have responsibilities after your death. If and when you do have them, term life insurance is much more cost-effective. Politely decline the invitation to a free financial planning session from your old fraternity brother. + +I hope you found this helpful, and you didn't see yourself in any of these. Extra points if you can use these to help your friends and family as well! + +I'm in agreement on this one. Thoughts? + +http://rentalhousingjournal.com/articles/2018/05/09/landlords-sue-seattle-over-criminal-background-check-restrictions +Hi, so I found some sample letters online for use when you want to approach an owner for an off market deal but I wasn't a big fan of them. This sub has been great because mostly all the posters are down to earth and seem very savvy. I located a property on the street of the property I already own, the demand for rent is really high in this are and this property looks like its been left empty for quite some time and needs work. + +&#x200B; + +I have found the owners name and address and wanted to send him a letter to see if he had any interest in selling. How do you all approach this? Is the best way to tell him I own another property on the street and saw his, or keep it very vague, friendly, and informal? + +&#x200B; + +Any tips from people who have done this would be greatly appreciated, thanks. +In 2008 I was just starting high school and knew nothing about the housing market and what happened, outside of the fact that prices for houses dropped significantly. + +Now I am looking to get into REI and specifically buying a multi family home in a nearby city but with prices being so high, a market crash does worry me. Obviously all markets were effected differently but did rental prices drop as significantly as buying a home? Was it much more difficult to find people to rent from you? + +Any info on what you experienced or saw happen to people in the business is appreciated! +In 2008 I was just starting high school and knew nothing about the housing market and what happened, outside of the fact that prices for houses dropped significantly. + +Now I am looking to get into REI and specifically buying a multi family home in a nearby city but with prices being so high, a market crash does worry me. Obviously all markets were effected differently but did rental prices drop as significantly as buying a home? Was it much more difficult to find people to rent from you? + +Any info on what you experienced or saw happen to people in the business is appreciated! +What is going on? Normally most of the other altcoins go with bitcoin. As I'm seeing right now, Bitcoin's growth is back but the rest is falling? Any driver for this behavior? +Is there a scenario in which bitcoin actually shoots up the market after a hard fork? + +To my understanding and after researching a fair amount, it seems that the crypto community is stocking up on fiat and hedging against with Dash, Litecoin and Ethereum. The reason appears to be that August 1st will lead to the apex of the bear market, re emerging the bull market. + +Speculators are putting in their two cents saying a correction can be anywhere from 30% to 50% to even 80%. All scenarios are likely, some more likely than others. An 80% crash would in my opinion AWAKEN a bull market. Considering that 40% of the world population doesn't have a bank account, I'd say (pulling a number out of my ass) 95% of us in the reddit crypto world have access to a bank account. Third world and second world countries will prove strong and bring Bitcoin and cryptos back stronger than ever. + +Though I, personally, am expecting a correction, are there any possible and likely scenarios that could add further intuition into keeping everyone financially on top? + +(Also how do you see August 1st panning out to January 1st 2018?) +As you become more familiar with the crypto market and trading in general, you will inevitably stumble across the terms leveraged and margin trading. While these terms are interconnected, they don’t mean the same thing. [Learn the difference between them](https://cryptoadventure.org/difference-between-margin-and-leveraged-crypto-trading/)! +Just venting my frustration with the current US tax law in hopes that, maybe, we can some how begin a movement big enough to change it. + +It's so frustrating that some of us have to liquidate a part of our current investment holdings, and thus, lowering our overall future ROI, just so we can pay someone who risked none of his own money his share of the pie. + +I am all for paying taxes. It's only right that we pay for the safety and conveniences that our country have given us, but taxing crypto to crypto transactions is just stealing. Crypto to crypto transactions is not capital gains! We should not treat crypto gains like fiat gains because we simply can't walk into a convenient store and make a purchase with the majority of cryptocurrencies that are currently available on the market. It should still be considered within the realm of a long term investments holdings until we cash out to fiat. It's only fair that we're taxed, only, when we cash out to fiat and into our bank accounts where we can actually spend it . Until then, it shouldn't be taxed at all! + +It's frustrating because some of us have yet have the privilege to enjoy our investments in its fiat form, and here we are selling off some of our holdings, cutting into our future overall ROI, putting our dreams on hold, just so we can pay Uncle Sam his share of our hard earned money on a risk that we, ourselves, took. It's wrong on so many level. The US government should reconsider only taxing cryptocurrency investments after it gets liquidated into it's fiat form and into our bank accounts where it'll be spent as part of our income. Until then, Uncle Sam is just being a bully, and what we're sacrificing to pay this bully is just BS. We're giving you your fair share of the pie, Uncle Sam! All we ask is to be fair to us in return, too, please! + +P.S. I think crypto to crypto transactions should still be considered as a long term investment hold since we're not able to spend it like income. +I was trying to login to Coinbase from a fairly new laptop. + +The site looked right. But for some reason my auto-fill wasn't working. I thought this wasn't right, but it was a fairly new laptop... So I manually typed in my login and 2fa. Then I got a text that I changed my 2fa. I didn't do that! So I tried to login to coinbase again. My 2fa code wasn't working. uhoh. I opened coinbase app on my phone and saw 2000 was purchased in Bitcoin. OMG! I disabled my account immediately. My mobile app was signed out. Then I got the email for the 2000 purchase. I dont think the attacker had enough time to send my funds out. Then I looked at my browser history. I guess I went to coinbasi dot pro by typing coinbasr dot com instead of coinbase! Then I emailed support @ coinbase my issue, what happened step by step, a screenshot of my browser history, my IP address, and a message that any activity not from my IP address was unauthorized. Mrrr. I plan on traveling internationally and was going to sell some coin to add to my bank balance, instead two grand was siphoned. I might have to change my departure date now. I'm definitely calling my bank in the morning. I'm nervous because anytime I email coinbase support it takes like a week to get an answer back. Ugh. +They keep pushing to only start buying positions on dips and if you buy again, only do so to average down if your down like 20-30%. They then believe once your up on the position like 100% one year later, even if it goes down 60% and the company itself has has grown a lot and price targets are significantly raised you should still never buy again and average up. They think you should just move on and buy a new stock and repeat this process many times which you will become over diversified since you will probably will have way too many holdings. I’m confused because even if I buy that 60% dip and my percentage gain decreases because I averaged up, I now have more money put to work for a stock I love and when it goes back to all time highs my increased percentage gain makes up for it and more. I just think not averaging up does more bad than good because in the past few years in this bull market you would of missed out a lot of opportunity and gains. This is like telling a 2019 Apple, Amazon and Tesla investor not to buy during March 2020. +A friend sent me this link to a [post by a professional endowment manager](https://money.stackexchange.com/a/115242) answering a question that essentially translates to "what is a SWR?". + +He claims a reasonable SWR can be 5%, without including the ER drawdown which can approach another 1% on top of that. Thus the total SWR according to his post would be close to 6%. + +Keep in mind that endowments are by no means shining beacons of investment success, so it's not their extraordinary returns affording them such a high SWR. On the contrary, [all ivy league endowments have underperformed a braindead 60-40 portfolio](https://www.institutionalinvestor.com/article/b1c1c4tq2bjm3c/Not-One-Ivy-League-Endowment-Beat-a-Simple-U-S-60-40-Portfolio-Over-Ten-Years) over the past 10 years, and [a cookiecutter three-fund portfolio beat 95% of all endowments over 10 years](https://awealthofcommonsense.com/2018/02/the-vanguard-endowment-model/). + +(It's hilarious to me that the single phrase "60% VTI, 40% BND" gives you all you need to beat ivy league wealth managers and their sophisticated multi-asset strategies. I should print that on a t-shirt.) + +If you followed any of my past posts, you know I account for a conservative 3.25% SWR, and even 4% seems rather high to me, let alone close to 6%. + +Still interesting to hear a different opinion of someone who manages wealth professionally for institutions that do have drawdowns, and likely put quite a bit of thought into SWR. + +One last cool angle in the post: apparently there are legal standards of safe withdrawal and the way to manage wealth for sustained drawdown. SWR in the US is legally defined to be 4-7%. Notice how the bottom range is what many folks here (myself included) already consider too high. Apparently you can actually get sued for drawing down less than that. Similarly, you can get prosecuted for being too cautious if you don't invest heavily in stocks, as that is considered mandatory for long-term maintenance of wealth under the above drawdown requirements. + +**EDIT:** to those claiming the author in the post I linked is strictly speaking of endowments and not suggesting an SWR of 5-6% - please read the post. He definitely does. To quote (emphasis in original): + +> Let us say 5% or 1/20. That means the corpus must be 20 times that. +> +> To withdraw your $1000/month or $12,000/year, you need 20x that, or **$240,000 of initial investment in the fund**. + +You may disagree with the SWR he suggests, but he clearly is suggesting one, and in the exact same sense we use it here. +I understand that Capitalism is what has driven the growth and productivity of the US. My question is what happens when technology replaces the need for work. As the world becomes more and more efficient there become fewer and fewer opportunities to start a business that actually adds value. One day you may wake up eating foods that were grown and harvested by fully automated systems. The store you purchase your food from may only need one or two employees to make sure the robots are working correctly. My point is that as we move to a more advanced society is it possible that we need fewer and fewer people working. I can imagine that over time we get to a point where there are only a handful of people needed to design and run automated factories and there just are no other jobs. Is this wishful thinking? + +Edit: I am assuming that future autonomous robots can mine rare earths from any planet in our solar system and return them to earth. +Hey folks, + +Wanted to do our usualy annual check-in about the subreddit, moderation policy, and policy implementation. + +If you check the sidebar, you can see five rules: + +> I.This subreddit should enable sharing and discussing economic research and news from the perspective of economists. Academic work and summaries are welcome. + +> II.Posts which are tenuously related to economics or light on economic analysis or from perspectives other than those of economists should be shared with more appropriate subreddits and will be removed. This will keep /r/economics distinct from the many related subreddits. + +> III.Please post links to the original source, no blogspam, and do not submit editorialized headlines. No memes. + +> IV.Personal attacks and harassment will not be tolerated. Please report personal attacks, racism, misogyny, or harassment you see or experience. We will remove these comments and take other appropriate measures. + +> V.All images, charts, and/or videos, including original content, must be submitted with a source and summary (tl;dr). + +I think Rule V is the only new one since last year. + +We've also put some restrictions on the automoderator, such that anything that seems to be referencing the US presidential elections is initially filtered, with a request for the submtter to write a brief comment explaining why the link is relevant to economics. + +*** + +What does everyone think about the current rules or implementation of the rules? Should we try to limit low quality submissions/comments more (as suggested [here](https://www.reddit.com/r/Economics/comments/3zycly/why_do_americans_work_so_much_the_prosperity/cyqjouc))? + +What about other subreddit systems (for example, the "Article of the Week" sticky thread, or the "Bureau Member flair")? + +We've been discussing making some minor quality requirement for top level comments - here's how /u/geerussell described it: + +> One mod policy question we've circled around a few times is establishing some minimum standard for top-level comments. Right now, only personal attacks are specified in the rules. On an ad-hoc basis sometimes we whack the worst, most blatant trolling stuff but it might be nice to formalize that in some fashion. + +> When I think of minimum standard, I have a very low bar in mind. If r/asksocialscience has a hurdle, this is a speedbump. Generally on topic, non-troll, more than unsupported generic "I hate this source/author/topic" or "no shit sherlock" responses. + +TL/DR: Annuities are a transfer of risk that could be valuable for some people’s situations. They get a bad rep but are a great tool when used correctly. + +I know the general sentiment among the average investor is a hate for annuities. Don’t get me wrong, the annuity space certainly deserves the bad rep it gets from years of sleazy salesmen. However, annuities are good when you understand them. They are not an investment. They are a transfer of risk. + +Here is a quick example. + +Say there’s a 65 year old with $1M and is looking to retire. General wisdom says a 4% withdrawal rate for a 60/40 portfolio will last him 30 years. Great! Let’s say they only need the 40k a year this nest egg provides to live off of. + +What if we could reduce the withdrawal band? Running a cannex report for a SPIA (single premium immediate annuity), I get a monthly payment of $1,214.91 or $14,578.92 annually. This is based off of $250k in premiums for lifetime income with 10 years certain. + +Now, there’s $250k in an annuity providing $14.5k. That leaves a gap of $25,421.08 to reach the $40k he needs. Withdrawals of $25.4k from the remaining $750k gives a withdrawal band of 3.3895%. + +Everyone knows a 3.39% withdrawal is better than 4%. This individual now has 3 options. They could take 4% of the remaining $750k and end up with more money for the same risk. They could invest more aggressively (80/20) with the remaining $750k and have more upside for similar risk. Or they could just withdrawal what they need with the same 60/40 portfolio and overall have a greater chance of success. + +Are there downsides to annuities? Of course. There is pros and cons to everything in life but the fact that annuities aren’t considered by the majority of people because “they are bad”, “have high fees”, or “only sold be commission greedy people” is just absurd. I’d love to go into pros and cons if there’s an interest. + +Would love to hear discussion on this! + +TL/DR: Annuities are a transfer of risk that could be valuable for some people’s situations. They get a bad rep but are a great tool when used correctly. + +Edit: Lots of great discussion! Thanks everyone for joining in! +My husband and I are in our early 30s, renting for $950/month all inclusive in a MCOL area. We haven’t always made good financial decisions but have been working hard on cleaning up our acts. We have about $30,000 saved. We anticipate inheriting $16K plus in the next year from my husband’s mom who recently passed - things are going through probate now. + +Today we are looking at a $239,000 house. My income is $49,600. My husband makes around $25K or so as a landscape gardener with his own business. (He plans to finish his degree and raise his income.) + +I prequalified on my own for a conventional loan with 8% down, at 2.89% interest. + +We have paid off all private student loans and credit card debt. I have $14,000 in federal student loans, and my husband has $40,000. Both in forbearance (no payments, no interest) through January. I am eligible for PSLF in 8 years as I work for a state university. We want to have a kid, pay down debt/build wealth, and probably move somewhere more interesting in 8 years or so. We are near my family, and my job comes with a pension, but I don’t want to live here forever. (ETA: If I leave my job I get to take my pension fund contributions with me, which are currently around $5K a year. We also have about $3K in IRAs). + +If we love the house, should we buy it? Or keep renting and saving and maintain the flexibility to move for my career? +25M - looking to open a Roth IRA, as well as a Mutual Fund (with low fees). For the Mutual Fund: 1) what fund? 2) where to open it? + +Just looking for some quick hit advice! + +Thanks! +I’m currently looking into buying my first home and I’m trying to put together some estimated costs of my monthly living expenses and wanted to know if there’s like a certain amount of your paycheck that should be saved each month say in case of an unexpected car repairs, home care, etc. not sure how much insurance is set to cover for certain things and want to make sure I’m prepared to cover these expenses. +Hi guys, I just realized that I’ve been spending recklessly every week buying unnecessary items and eating takeouts. I know I should be wise since I’m 21, but lately I’ve gotten into a bad habit of buying clothings and shoes I don’t really need. + +I’m trying to save now, but I can’t seem to understand how. Like is that a % of my income to be saved? Or based on my future needs? + +I’d like to know how you guys manage your expenses/savings. It’ll be helpful! + +Thank you :))) + +EDIT: Thank you guys so much for the detailed notes and advices!! Really appreciated!!!!! 🥰 upvoted y’all! +Should we tackle our debt or a down payment first? The way I see it we have 2 options: + +1) Pay off husband’s student loan debt before buying a home (Dave Ramsey style) - he has $55K at 5-12 percent interest. +2) Save up $30-$50K down payment (plus 6 month emergency fund), buy home. Then start paying off his loans. + +If we wait on the loans, they’ll rack up more interest. But I don’t want to delay homeownership too long. We currently rent for $950/month. + +At my current savings rate and barring a big emergency, I should have $50K saved by 2024. + +My income is $50K and his is around $20K. We are in our early 30’s. +Background: my great-grandfather started a welding business about 55 years ago in a small town. Since then, most males in my family have worked there. After my great grandfather passed away, my grandpa took over and my grandpa is no longer able to work so my dad is managing the place. I worked there on and off when I was in high school when they needed help but I ended up going to college and getting an engineering degree. I live in the city now, about 3 hours away. + +There are, I believe, 3 employees there currently. That is my dad and two other relatives. My dad 100% serves as the manager. He puts together any large proposals/designs for larger clients, does the brunt of the work for big designs, does any traveling for longer distance jobs (like overnight, weeks, or sometimes months for longer projects) and also delegates all resources. + +The percentages of who owns what are as follows: +My dad: 11% +My grandpa: 22% +My grandpas brother: 33% +My dads cousin who works there: 11% + +This leaves 23% that isn't owned by anyone. It was shares that were owned by relatives who passed away without giving anyone direct ownership. + +They have a rental property next door that they have also owned for a long time (not sure if they've had it all 55 years but it has belonged to them since I can remember and is fully paid for). + +So my grandpas brother has been in bad health for years and I don't remember the last time he worked. I would be surprised if he lived longer than another year or two to be honest. My grandpa was recently diagnosed with prostate cancer. Treatment went well and he should be fine, but it shook him enough to make him done with work. Both of them want out of the business but of course, no one has ever thought about retirement here. + +This brings me to the questions. + +My dad wants to buy my grandpa and his uncle out of the business. The rental property next door is valued at around 200k and I was told today that the welding shop and all equipment was valued at less than 100k. My dad somewhat foolishly offered my grandpa and his brother 100k each as a buyout. His thought was that he would sell the rental property and then pay them off, making him the primary shareholder so he can start making actual decisions on where to go with this business (or to get out while he can). + +I'm trying to figure out what the options are here for them. Nothing has been done yet, but I'm concerned that this is going to end up putting my dad in a bad position financially. Are there any options here that make any sense? + +I feel like this isn't the only info that someone might need to crunch some numbers and give decent advice so let me know if you have questions about anything in particular and I will try to answer to the best of my knowledge. I was trying to not post a novel (though I may have failed). +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +>When playing poker, look around the table, if you can't find the sucker then it's you.